For a Widget Manufacturing Company, Worker Hours Per Widget Is

question 34

Multiple Choice

For a widget manufacturing company, worker hours per widget is a measure of:

• A) organizational effectiveness.
• B) organizational performance.
• C) organizational efficiency.
• D) organizational structure.
• E) none of these.

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Definitions:

Inflation

The uptick in the overall pricing scheme for goods and services, leading to a diminution of acquisition power.

Agricultural Sector

The part of an economy concerned with the production, processing, and distribution of agricultural products.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often through increased industrial activity and employment opportunities.

Labor

The human effort, both physical and mental, used to produce goods and services in an economy.