If There Is a Change in the Ability of a Firm

question 235

Multiple Choice

If there is a change in the ability of a firm to produce a given level of output with a given level of inputs,we say there is

• A)human capital investment.
• B)technological change.
• C)an increase in labor productivity.
• D)a movement along a given per-worker production function.

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Definitions:

Environmental Forces

External factors such as social, economic, technological, competitive, and regulatory conditions that affect an organization's operations and outcomes.

Organizational Responses

The ways in which organizations react to changes in their internal and external environments.

Reactor

A device used in chemical or nuclear processes to contain and control reactions safely.

Effect Uncertainty

The unpredictability regarding the potential outcomes or impacts of a decision or action.