A Useful Way to Measure the Productivity of a Workforce

question 99

Multiple Choice

A useful way to measure the productivity of a workforce is:

• A) to determine the total cost of people required for each unit of output.
• B) to determine the total cost of people required for an output of 100 units.
• C) to determine the total cost of people required to complete a day's worth of work.
• D) to determine the total cost of people required to complete a year's worth of work.

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Definitions:

Firm-Specific Risk

The risk associated with the unique factors affecting an individual company, separate from market-wide risks.

Diversification

An investment strategy aimed at reducing risk by allocating investments among various financial instruments, industries, or other categories.

Money Invested

The total amount of financial resources allocated to a particular investment, asset, or project with the expectation of receiving future returns.