The Following Data Is Recorded by the Alex Company What Is the Partial Operational Productivity Measure for Labor for

question 10

Multiple Choice

The following data is recorded by the Alex Company: $\begin{array} { l }&2018&2019\\\text { Output (units) }&13,500&11,800\\\\\text { Input quantities: }\\\text { Labor (hours) }&5,250&4,150\\\\\text { Input prices: }\\\text { Labor (per hour) }&\$6&\$7\end{array}$
What is the partial operational productivity measure for labor for 2018? (Round the answer to two decimal places.)

• A)2.24
• B)3.25
• C)2.25
• D)2.57

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Informal Rule Making

The process whereby regulatory agencies create and issue rules and regulations through methods that are less formal than traditional rulemaking processes, often involving public notice and comment.

Efficiency

The economic principle of getting the most output from the least input.

Administrative System

A framework or process through which organizations manage tasks, procedures, and structures to achieve objectives efficiently and effectively.