Three Commonly Used Productivity Variables Are

question 67

Multiple Choice

Three commonly used productivity variables are:

• A) quality, external elements, and precise units of measure.
• B) labor, capital, and management.
• C) technology, raw materials, and labor.
• D) education, diet, and social overhead.
• E) quality, efficiency, and low cost.

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Definitions:

Interest-Rate Cost of Borrowing

The cost associated with borrowing funds, typically expressed as a percentage of the amount borrowed.

R&D Expenditure

Funds allocated by a business or government towards research and development projects to innovate or improve products or services.

Added Profit

The additional profit generated from an activity or investment beyond the usual or expected return.

Expected-Rate-of-Return-Curve

A graphical representation that shows the relationship between the expected return on investment and the level of investment risk.