ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The businesses’ products will no longer be demanded.
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Manufactured items will be made elsewhere.
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Productivity is separate from technological advances so there is no impact.
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The new technology can replace outdated, less efficient, machinery.
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Detailed explanation-1: -Efficiency Technology helps increase the efficiency of systems, products and services. It helps track and streamline processes, maintain data flow and manage contacts and employee records. In fact, this increased efficiency in operation helps reduce costs as well as enable the business to grow rapidly.
Detailed explanation-2: -Technology applications have enhanced the pace and output of various business activities such as marketing, promotions, sales, and accounting. From internal operations to the external output of the activities, from minute processes to major activities, multiple aspects of the business need the use of technology today.
Detailed explanation-3: -When there are advances in technology, such as the personal computer, how might business productivity change? A: The new technology can replace outdated, less efficient, machinery.
Detailed explanation-4: -1 – Use Virtual Private Networks. 2 – Use Video Conferencing Software. 3 – Use a Networked Voice and Data Solution. 4 – Use an Outsourced IT Service Provider. 5 – Use the Cloud. 6 – Use a Scheduling System. 17-Oct-2022