Identify Which of the Following Statements Is True

question 20

Multiple Choice

Identify which of the following statements is true.

• A) Inputs and outputs are difficult to measure.
• B) The fewer inputs needed to produce a given output, the more productive the organization.
• C) Productivity is a measure of outputs divided by inputs.
• D) All of these answers are correct.

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Definitions:

Developed Markets

Countries with highly industrialized economies, well-developed financial markets, and high standards of living.

Wage-related Expenses

Costs incurred by employers that are directly associated with the payment of wages to employees, including taxes, benefits, and insurance.

Socioeconomic Inequality

The disparities in income, wealth, and access to resources among different social and economic groups within a society.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.