Ask Question
3 October, 16:58

A situation in which machines and equipment do most of the work is known as

a. quality control.

b. high technology.

c. an industrial installation.

d. a capital-intensive technology.

e. a labor-intensive technology.

+5
Answers (1)
  1. 3 October, 19:17
    0
    A situation in which machines and equipment do most of the work is known as a capital-intensive technology.

    Two factor inputs are present in every production operation: labor and capital. The term labor includes the workers, employees and management, while capital refers to the machinery, IT systems, buildings, vehicles, offices.

    Capital intensity is the amount of capital used in the production in relation to labor.

    If the production is made by more machines and technology than labor that the company uses a capital-intensive technology.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A situation in which machines and equipment do most of the work is known as a. quality control. b. high technology. c. an industrial ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers