ASTD Stands for the American Society for Training & Development

question 60

True/False

ASTD stands for the American Society for Training & Development.

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Definitions:

Labor Productivity Growth

The increase in the amount of goods and services produced by one unit of labor, often measured over a specific period.

Productivity Growth

Refers to the increase in the output of goods and services per unit of input, which can be attributed to advancements in technology, skill levels, and efficiencies.

Computers

Electronic devices designed to manipulate data according to a set of instructions, capable of performing a wide range of tasks.

Labor Productivity

The measure of economic output per unit of labor input, reflecting the efficiency of labor in producing goods and services.