Compare and contrast the ideas of labor-intensive and capital-intensive technology.
What will be an ideal response?
Labor-intensive technology is a process in which people must do most of the work and capital-intensive technology is a process in which machines and equipment do most of the work. The contrast is between human resources or equipment and technology. Student answers may also include information about the cost of labor and capital intensive technology. Typically, capital-intensive technology has high initial costs and lower operating costs. On the other hand, labor-intensive technology has low initial costs and higher operating costs.
You might also like to view...
Today, successful firms are sourcing product from emerging markets and also looking for customers and new business and product innovations to use globally
Indicate whether the statement is true or false
Which of the following is true of cumulative voting?
A. Each shareholder votes the number of shares he or she owns on candidates for each of the positions open for election. B. A majority shareholder always elects the entire board of directors. C. The cumulative voting method always applies to elections for the board of directors. D. A minority shareholder has a better opportunity to elect someone to the board of directors.
An example of an intangible benefit is
a. expansion into other markets b. reduction in supplies and overhead c. more efficient operations d. reduced equipment maintenance
Matching
Column 1 Column 2 7. Statement of facts a. The section that explains the results of research, answers the question or questions in theissue statement, and gives the reasons for answers 8. Issue statement b. The general question asked to research 9. Discussion/analysis c. A concise statement of all relevant and explanatory information 10. Conclusion d. A short and concise answer to the question raised in the issue statement