You and Your Friend Work Together for 4 Hours to Produce

question 332

Multiple Choice

You and your friend work together for 4 hours to produce a total of 12 futons. What is productivity?

• A)12 futons
• B)24 futons
• C)3 futons per hour of labor
• D)1.5 futons per hour of labor

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Definitions:

Functional Organization

An organizational structure divided into departments based on specialization or function, such as marketing, finance, and production, to increase efficiency and effectiveness.

N-form Organization

A network form of organization is a business structure characterized by dynamic, flexible relationships among various independent entities or units to share skills, costs, and access to one another's markets.

Budgeting Process

Involves estimating revenues and expenditures for a specific period to manage financial resources effectively.

Delaying Sales

The strategy of postponing selling activities or transactions to a future date to potentially achieve more favorable terms or prices.