Which of the Following Is a Measure of Productivity Per

question 134

Multiple Choice

Which of the following is a measure of productivity per employee?

• A)Revenue per employee
• B)Total payroll costs as a percent of revenue
• C)Comparing payroll expenses with prior year balances or budgets
• D)Average payroll cost per employee classification

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Definitions:

Mustangs

Wild horses in the Western United States, descended from horses brought to the Americas by Spanish explorers.

Law of Demand

A fundamental economic principle stating that, all else being equal, as the price of a good increases, consumer demand for the good decreases, and vice versa.

Average Price

The mean price of a good or service, calculated by dividing the total revenue by the quantity sold.

Equilibrium Price

The cost at which the amount of a product consumers want to buy matches the amount producers are willing to sell, leading to equilibrium in the market.