According to New Growth Theory

question 122

Multiple Choice

According to new growth theory

• A)technological change is influenced by economic incentives.
• B)centrally-planned economies are the most efficient.
• C)growth in real GDP per capita occurs only if there are increasing returns.
• D)economic growth is determined by forces outside the control of the market system.

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Definitions:

BPI

Through Business Process Improvement, organizations adopt a structured approach to advance their primary processes for better efficiency results.

BPR

Business Process Reengineering, which is the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.

Effectiveness

The degree to which something is successful in producing a desired result or outcome.

NBA

National Basketball Association, a professional basketball league in North America composed of 30 teams.