The Basic Way to Measure Productivity Is to ________

question 31

Multiple Choice

The basic way to measure productivity is to ________.

• A) divide outputs by inputs
• B) add outputs and inputs
• C) multiply inputs and outputs
• D) subtract inputs from outputs

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level.

Static Planning Budget

A budget based on a fixed level of activity and does not change in response to variations in the actual level of activity.

Activity Variances

The differences between planned or standard costs of activities and the actual costs incurred, useful for management in budgeting and performance evaluation.

Patient-visits

Refers to the total number of times patients see a healthcare provider or visit a healthcare facility for services.