The Ratio of Good Output to Quantity of Raw Material

question 67

Multiple Choice

The ratio of good output to quantity of raw material input is called

• A)nondefective productivity.
• B)process yield.
• C)worker quality measurement.
• D)total quality productivity.
• E)quantity/quality ratio.

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Definitions:

Office Building

A structure designed primarily for the purpose of housing offices and businesses, providing a workspace for employees and services for clients.

Assembly Line

A production process that breaks down the manufacture of a good into steps that are completed in a pre-defined sequence, often on a conveyor belt, to increase efficiency.

Opportunity Cost

The neglect of possible enhancements from other avenues when one direction is pursued.

Capacity Utilization Rate

The capacity utilization rate measures the proportion of potential economic output that is actually realized, often used in manufacturing to indicate the percentage of total productive capacity being utilized.