Increases in productivity are difficult to achieve if Open Hint for Question 15 in a new window. the task is more physical and tangible. the task is more good-producing and standardized. the task is more quantitative and repetitive. the task is more intellectual and personal.

the task is more intellectual and personal.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

In Economics, there are four (4) main factors of production and these are;

I. Land.

II. Labor (working).

III. Capital resources.

IV. Entrepreneurship.

When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.

However, it would be quite difficult for a business firm or an organization to experience increases in its level of productivity (output) if the task required to be executed is more personal and requires the use of intellect, knowledge and skills.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o