Productivity Measures

question 137

Multiple Choice

Productivity measures

• A) real output per unit of input.
• B) per-unit production costs.
• C) the changes in real wealth caused by price level changes.
• D) the amount of capital goods used per worker.

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Definitions:

Uncontrollable Costs

Expenses that cannot be changed or influenced in the short term by the actions of managers within the organization.

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor, contrasted with fixed costs.

Indirect Costs

Expenses not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.

Direct Costs

Costs that can be directly attributed to a specific product or cost object without needing allocation.