a-company-must-choose-between-investing-in-new-technology-or-expanding-its-workf

Question

A company must choose between investing in new technology or expanding its workforce. What should be considered to evaluate the trade-offs?

Accepted Answer

Both the potential productivity increase and the cost of hiring.

Answer

The cost of hiring and training new employees.

Answer

Neither, as trade-offs are not relevant in business decisions.

Answer

The potential increase in productivity from new technology.