Labor Productivity Is Defined as

question 122

Multiple Choice

Labor productivity is defined as

• A)the amount of output a typical worker turns out in an hour of work.
• B)the amount of output the best worker turns out in a day of work.
• C)the amount of output improvement in a year of work.
• D)the amount of average output improvement for a team in a year of work.

---

Definitions:

Commitment To Finance

A lender's promise to provide funds under specified conditions to a borrower for a particular transaction.

After-Tax Cost

The actual cost of an investment or loan after considering the effects of taxes on its profitability or expense.

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Legal Owner

The person or entity that has legal title or ownership of property or assets.