An Increase in a Process' Outputs Will Always Result in an Increase

question 133

True/False

An increase in a process' outputs will always result in an increase of productivity regardless of changes to inputs.

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Definitions:

Immediate Pay-offs

Immediate benefits or returns gained from an action or investment, often considered short-term thinking.

Nonrenewable Natural Resources

Resources found in nature that cannot be replenished or take millions of years to form, such as coal, oil, and natural gas.

Research and Development

The examination and analysis efforts performed by a business aiming at bettering its current products and methodologies or at pioneering new products and methodologies.

Immediate Pay-offs

Benefits or profits that are quickly realized after the implementation of an action or investment, as opposed to long-term gains.