Which Factors Explain Labor Productivity

question 237

Multiple Choice

Which factors explain labor productivity?

• A)technological change; the quantity of labor per hour worked
• B)diminishing returns; the quantity of labor per hour worked
• C)diminishing returns; the quantity of capital per hour worked
• D)technological change; the quantity of capital per hour worked

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and possibly voting rights.

Directors

Individuals elected by shareholders to oversee the management of a corporation and make decisions on its behalf.

Policies

Documents or statements of principles and guidelines, crafted to regulate, direct, or guide decisions and actions in organizations or governance.

Unocal v. Mesa Petroleum

A landmark legal case that established important principles in the area of corporate takeover defense and directors' fiduciary duties.