The O-ring theory places emphasis on
A)education of the labor force.
B)skill complementarities.
C)purchases of machinery and equipment by firms.
D) None of the above.

Question

Quizplus · Accepted Answer

The O-ring theory suggests that production processes are interdependent and require high levels of precision and skill. Therefore, the theory emphasizes the importance of skill complementarities, where workers have specialized skills that complement one another to prevent errors in the production process. It does not focus on education or purchases of machinery and equipment.

The O-Ring Theory Places Emphasis on