The Ratio of Inputs Used to Produce Outputs Is Called

question 9

Multiple Choice

The ratio of inputs used to produce outputs is called

• A) Efficiency
• B) Effectiveness
• C) Productivity
• D) Quality

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Definitions:

Appropriate Level

The suitable or right level or position for a specific purpose, often within an organizational or system context.

Variable Costs

Expenses that change in proportion to the activity or volume of production in a business.

Rent

A payment made periodically by a tenant to a landlord in exchange for the use of land, a building, or other property.

Property Taxes

Taxes levied by local governments based on the assessed value of real estate property.