Productivity Can Be Improved by Either Increasing the Amount of Output

question 138

True/False

Productivity can be improved by either increasing the amount of output using the same level of inputs or reducing the number of inputs required to produce the output.

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Definitions:

Deductibility

The ability of an expense or contribution to be subtracted from gross income, reducing the taxable income and tax liability.

Residual Value

The anticipated worth of an asset upon reaching the conclusion of its lifespan.

Leasing

Leasing is a financial arrangement whereby a person or entity uses an asset or property owned by another for a specified period, in exchange for periodic payments.