Waldo Works Eight Hours and Produces 7 Units of Goods

question 23

Multiple Choice

Waldo works eight hours and produces 7 units of goods per hour.Emerson works six hours and produces 10 units of goods per hour.

• A)Waldo's productivity and output are greater than Emerson's.
• B)Waldo's productivity is greater than Emerson's but his output is less.
• C)Emerson's productivity and output are greater than Waldo's.
• D)Emerson's productivity is greater than Waldo's but his output is less.

---

Definitions:

Legal Obligations

Commitments or duties that are enforced by law, requiring entities or individuals to act or refrain from acting in a certain way.

Nonlegal Obligations

Obligations that are not enforceable by law but may be morally or ethically binding.

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules, standards, and procedures that companies must follow when compiling their financial statements in the United States.

Unconditional

Unconditional means not subject to any conditions or limitations; absolute.