ENTREPRENEURIAL PLANNING
OPERATIONS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not likely to increase productivity levels?
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extra training given to employees
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improving worker motivation
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investing in capital equipment
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reducing pay of production workers
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Explanation:
Detailed explanation-1: -Answer and Explanation: d. An increase in the size of the labor force is not expected to increase labor productivity.
Detailed explanation-2: -Growth in labor productivity depends on three main factors: saving and investment in physical capital, new technology, and human capital.
Detailed explanation-3: -Productivity increases when more output is produced with the same amount of inputs or when the same amount of output is produced with less inputs.
Detailed explanation-4: -Productivity varies by industry and business model. For example, a farmer producing a commodity crop who successfully switches to a premium crop may boost their productivity rate by charging higher prices for their output.
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