Productivity growth in quantitative importance
To what extent has enhanced in Canada’s real GDP been the result of more labour inputs? Of developing labour productivity? Describe the factors which contribute to productivity growth in order of their quantitative importance.
Expert
Productivity rising factors in descending order:
(a) Technological advance—the finding of new knowledge which results in the combining of resources in more productive ways.
(b) The quantity of capital.
(c) Education & training. Since the year of 1940 the proportion of those in the labour force with a high school education has doubled from 40 to 80 %. And those along with a college or university education contain more than doubled from under 10 % to over 20 %.
(d) Economies of scale and
(e) Developed resource allotment. Employees have been going out of lower productivity jobs to higher productivity jobs. Part of this is related with the enhanced efficiency frequently derived from production in larger plants, wherein specialization of labour and productivity-increasing methods is possible.
Normal 0 false false
Briefly describe the terms proprietorship, partnership, and corporation.A proprietorship is a business owned by one person. Two or more people who join together to develop a business make up a partnership. It can be done on an inf
Can a corporation contain too much working capital? Describe. A firm can contain too much working capital if this is losing the chance to invest in high returning fixed assets and if this goes beyond the amount of working capital required for r
Describe the adjustments essential to translate enterprise value to the net present value of common equity.To get the value of the company's common stock, add up the value of the firm's present assets to the enterprise value (this generates the
Expenditure Authority: The authorization to make expenditure (generally by a budget act appropriation, provisional language or some other legislation).
Describe working capital? Working capital contains the current assets of the firm.
Describe the primary requirements for a successful JIT inventory control system? For a JIT system to be successful the supplier has to be willing and capable to deliver materials immediately and the quality of delivered materials has to be high.
Year of Completion (YOC): This is the last fiscal year for which the appropriation is accessible for encumbrance or expenditure.
18,76,764
1948392 Asked
3,689
Active Tutors
1433613
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!