ECONOMICS
ECONOMIC SYSTEMS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Increases productivity
|
|
|
Makes certain jobs obsolete
|
|
|
Decreases a nation’s GDP
|
|
|
Slows or stops production
|
Detailed explanation-1: -Apart from enhanced collaboration while working remotely, technology has helped employers to generate tools to track and analyse performance better. It has also helped track goal progress in a more efficient way, thereby directly increasing productivity and impacting a company’s profitability.
Detailed explanation-2: -One study found that 23% of workers saw increased productivity levels as a result of using mobile applications and software tools. The overall goal is to reduce or eliminate manual, time-consuming tasks for employees.
Detailed explanation-3: -With growth in productivity, an economy is able to produce-and consume-increasingly more goods and services for the same amount of work.
Detailed explanation-4: -Automates and Systematizes Workflows and Processes. Keeps Lines of Communication Open. Enables more strategic planning and time management. Simplifies setting and meeting goals. Allows for better concentration. Facilitates continuous education. 01-Feb-2022
Detailed explanation-5: -Greater fulfilment. Better customer service. Greater revenue generation. Improved engagement. Building a positive culture. 15-Oct-2019