Total Productivity Can Be Determined by Dividing Total Outputs by

question 88

Multiple Choice

Total productivity can be determined by dividing total outputs by

• A) Total expenses
• B) Total sales
• C) Total inputs
• D) Total assets

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Definitions:

Nonrenewable Resource

Natural resources such as coal, oil, and natural gas that cannot be replenished within a human lifetime once consumed.

Mining Firm

A company involved in the extraction of minerals, ores, and other geological materials from the earth.

Renewable Resource

A natural resource that can be replenished at the same rate or faster than it is consumed, such as solar energy, wind, or timber.

Harvesting

The process of gathering mature crops from the fields or collecting the elements of a crop, such as grains, fruits, or vegetables.