The Quality of Labour Inputs Increases Through

question 59

Multiple Choice

The quality of labour inputs increases through

• A) technological change.
• B) training and education.
• C) entrepeneurship.
• D) innovation, research and development.
• E) increases in labour force participation.

---

Definitions:

Materials

Inputs and supplies used in the production of goods or in the provision of services.

Completed Unit

A term used in manufacturing and production to describe a product that has finished all stages of the production process and is ready for sale.

First-in

A reference to the "First-In, First-Out" (FIFO) inventory method where the oldest inventory items are recorded as sold first.

Processing Department

A division or unit within a company where a particular phase of the manufacturing process is completed.