The Ratio That Measures Productive Efficiency for One Input Is

question 73

Multiple Choice

The ratio that measures productive efficiency for one input is called:

• A)Partial productivity measurement
• B)Operational productivity measure
• C)Financial productivity measure
• D)Productivity measurement

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Definitions:

Excise Tax

An excise tax is a tax charged on specific goods and services, such as gasoline, cigarettes, and alcohol, typically to discourage their use or generate revenue.

Benefits Principle

A taxation theory that suggests taxes should be levied according to the benefits received by the taxpayer from government services.

Ability-To-Pay Principle

This principle suggests that individuals should be taxed based on their ability to pay, regardless of the benefits they receive.

Equity Principle

A concept in finance that emphasizes fair distribution of wealth and assets, ensuring that financial transactions are conducted fairly and equitably.