If We Use 2,000 Labor Hours to Produce 400 Units

question 73

Multiple Choice

If we use 2,000 labor hours to produce 400 units of a product,then ______.

• A)using the multifactor productivity measure,we get 5 units per labor hour
• B)using the single-factor productivity measure,we get 5 units per labor hour
• C)using the multifactor productivity measure,we get 1 unit per 5 labor hours
• D)using the single-factor productivity measure,we get 1 unit per 5 labor hours

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Definitions:

Drawee Bank

A bank upon which a check or draft is drawn and is responsible for paying the amount to the individual or entity presenting it for payment.

Agent

A person authorized to act on behalf of another, known as the principal, in business transactions or other matters.

Stop Payment Order

A request made to a financial institution to cancel or halt the processing of a check or payment transaction.

Competitive Equality Banking Act

A U.S. law aimed at promoting competition among banks and equalizing regulatory standards across different types of banking institutions.