Partial Productivity

question 40

Multiple Choice

Partial productivity:

• A) is a ratio of the value of output to the value of all key inputs.
• B) is the same thing as the production volume variance.
• C) focuses on an individual input.
• D) includes materials and labor but not overhead.

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Definitions:

Preferred Dividends

Payments made to preferred shareholders before any dividends are distributed to common shareholders, often at a fixed rate and with priority over common dividends.

Retained Earnings

The portion of a company's profits not distributed as dividends to shareholders, but rather reinvested in the business or held as reserves.

Plant Expansion

The process of enlarging a company's physical facilities or increasing its production capacity.

Dividend Declarations

Official announcements by a company's board of directors to pay dividends to shareholders, specifying the dividend amount, record date, and payment date.