Which One of the Following Statements Concerning Productivity Is TRUE

question 76

Multiple Choice

Which one of the following statements concerning productivity is TRUE?

• A) Accounting for several inputs simultaneously is not possible.
• B) The low growth in service productivity has had little effect on overall productivity in countries such as Canada and the U.S..
• C) Multifactor productivity is an index of the output provided by more than one of the resources used in production.
• D) Productivity improvement is achieved by increasing the inputs used to produce a given level of output.

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Definitions:

Standard Credit Company

A hypothetical or generic name for a company that provides credit services, evaluating creditworthiness and offering loans or credit to individuals and businesses.

Equal Credit Opportunity Act

A U.S. law aimed at granting all individuals a fair opportunity to obtain credit, prohibiting discrimination based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

Consumer Finance Corporation

A financial institution that provides loans to consumers for purchasing consumer goods and services.

Suitability

The appropriateness of a specific investment or financial decision to an individual's unique situation.