Rio Tinto's Incentive to Adopt New Robotic Technology Was Increased

question 43

Multiple Choice

Rio Tinto's incentive to adopt new robotic technology was increased by the high wages it was having to pay to attract miners and truck drivers.In this instance, Rio Tinto began using new robotic technology to

• A)add capital as a complementary resource for its labor.
• B)substitute labor for capital in production.
• C)substitute capital for labor in production.
• D)add labor as a complementary resource for its capital.

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Definitions:

Comprehensive Income

The total change in equity for a reporting period other than transactions from owners.

Equity Method

A method of accounting where an investor recognizes its proportionate share of the associate or joint venture's income, losses, and dividends within its own financial statements.

Ownership Percentage

The fraction of an investment or business enterprise owned by an individual or entity, usually expressed as a percentage.

Bud Ltd.

is not a universally recognized key term; it might refer to a specific entity or business and its significance might vary by context. NO.