Which One of the Following Statements Concerning Measures of Productivity

question 106

Multiple Choice

Which one of the following statements concerning measures of productivity is FALSE?

• A) The number of insurance claims processed per week by employees in an insurance company is a valid measure of productivity.
• B) Productivity is measured as the ratio of outputs divided by inputs.
• C) Multifactor measures of productivity must convert the quantities being measured to a common unit of measure such as dollars.
• D) Measures of labour productivity are generally more informative than multifactor measures of productivity.

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Definitions:

Interaction Effect

Occurs when the effect of one independent variable on the dependent variable differs depending on the level of another independent variable.

Scientific Inquiry

The diverse ways in which scientists study the natural world and propose explanations based on evidence gathered.

Evolved Theory

A theoretical framework that interprets behaviors and physical traits as adaptations shaped by evolutionary processes.

Scientific Approach

The scientific approach involves systematic observation, measurement, experiment, formulation, testing, and modification of hypotheses to gain knowledge and understand phenomena.