Small Businesses Can Improve Productivity by

question 39

Multiple Choice

Small businesses can improve productivity by :

• A) Decreasing output and increasing input
• B) Increasing output and decreasing input
• C) Decreasing the quality of its outputs
• D) Focusing on manager's satisfaction

Evaluate associations between two categorical variables using graphical and tabular data representations.

Apply knowledge of contingency tables to describe relationships between two categorical variables.

Analyze data to assess hypotheses or claims made regarding categorical variables.

Interpret conditional distributions and analyze associations in the context of real-world situations.

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Definitions:

Debt-Equity Ratio

The debt-equity ratio shows the comparative amount of shareholder equity and debt financing a company uses to support its assets.

Fully Depreciated

A state where a fixed asset has reached the end of its useful life and its book value is reduced to scrap value.

Profit Margin

A measure of a company's profitability, calculated by dividing net income by total revenues. It shows how much profit each dollar of sales generates.

Net Income

The total profit or earnings of a company after all expenses, taxes, and costs have been subtracted from total revenue.