Measurement of Productivity in Service Is More Straightforward Than in Manufacturing

question 49

True/False

Measurement of productivity in service is more straightforward than in manufacturing since it is not necessary to take into account the cost of materials.

---

Definitions:

Business Judgment Rule

A legal principle that protects corporate directors and officers from liability for decisions made in good faith and in the best interests of the corporation.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of their assets or interests.

Eisner

Likely refers to a notable figure or context-specific reference requiring further details for accurate definition. If related to a person, it may refer to Michael Eisner, a prominent business executive in the entertainment industry.

Audit Committee

A subgroup of a board of directors that focuses on oversight of the financial reporting processes, internal controls, and audit functions of an organization.