Greater Labor Productivity Means

question 126

Multiple Choice

Greater labor productivity means

• A)Lower output per labor-hour.
• B)Higher labor cost per unit of output.
• C)Lower output per worker.
• D)Higher output per worker.

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Definitions:

Bond Premium

The excess of a bond's market price over its principal amount or nominal value.

Straight-line Method

A strategy for computing depreciation or amortization through evenly apportioning the cost of an asset across its expected useful duration.

Semiannual Interest

Interest that is calculated and paid twice a year, commonly found in bonds and loans.

Present Value

A financial concept that represents the current value of a future amount of money or stream of cash flows given a specified rate of return.