Which of the Following Stands True for Factors That Affect

question 97

Multiple Choice

Which of the following stands true for factors that affect changes in productivity across countries and over time?

• A)It is more difficult to measure changes in the quality of goods than changes in the quality of services.
• B)As energy prices go up, energy-efficient capital goods become obsolete.
• C)It is believed that productivity grows more slowly in manufacturing industries than in services, because of the less labor-intensive nature of manufacturing industries.
• D)The key to efficient production is the allocation of resources to their best use.
• E)The greater the productivity, the more efficient the allocation of resources, and the more developed a country's financial market would be.

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Definitions:

Retail Layout

An approach that addresses flow, allocates space, and responds to customer behaviour.

High-Draw Items

Products that significantly attract customers, resulting in high sales volume.

Work Cells

An arrangement in manufacturing where machinery and staff are grouped together in a way that focuses on producing a single product or component.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.