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How does RPA contribute to cost reduction, as stated in the text?
  • a)
    By increasing operational risks.
  • b)
    By slowing down processes.
  • c)
    By achieving cost savings of 80-90%.
  • d)
    By replacing human experts.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
How does RPA contribute to cost reduction, as stated in the text?a)By ...
According to the text, RPA can achieve cost savings of 80-90% by replacing tasks previously performed by human full-time equivalents (FTEs), thereby reducing operational costs.
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It is often forgotten that globalization, is not only about policies on international economic relationships and transactions, but has equally to do with domestic policies of a nation. Policy changes necessitated by meeting the internationally set conditions (by WTO etc.) of free trade and investment flows obviously affect domestic producers and investors. But the basic philosophy underlying globalization emphasizes absolute freedom to markets to determine prices and production and distribution patterns, and view government interventions as processes that create distortions and bring in inefficiency. Thus, public enterprises have to be privatized through disinvestments and sales; sectors and activities hitherto reserved for the public sector have to be opened to the private sector. This logic extends to the social services like education and health. Any restrictions on the adjustments in workforce by way of retrenchment of workers should also be removed and exit should be made easier by removing any restrictions on closures. Employment and wages should be governed by free play of market forces, as any measure to regulate them can discourage investment and also create inefficiency in production.Above all, in line with the overall philosophy of reduction in the role of the state, fiscal reforms should be undertaken to have generally low levels of taxation and government expenditure should be kept to the minimum to abide by the principle of fiscal prudence. All these are policy actions on the domestic front and are not directly related to the core items of the globalization agenda, namely free international flow of goods and finance.Q.What is the trend of the average profit of B from the year 1997 to the year 2000?

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How does RPA contribute to cost reduction, as stated in the text?a)By increasing operational risks.b)By slowing down processes.c)By achieving cost savings of 80-90%.d)By replacing human experts.Correct answer is option 'C'. Can you explain this answer?
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