What Is the Definition of Productivity

question 122

Multiple Choice

What is the definition of productivity?

• A)amount of goods and services produced from each hour of a worker's time
• B)amount of labour that can be saved by replacing workers with machines.
• C)actual amount of effort workers put into an hour of working time
• D)estimated amount of effort workers put into an hour of working time

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Definitions:

Ledger

An accounting book or computer file for recording and totaling economic transactions measured in terms of a monetary unit and categorized by account type.

Account Titles

Names given to the accounts that reflect the types of transactions they represent, used in bookkeeping to distinguish financial records.

Journalizing

The process of recording transactions in a company's journal, detailing the financial activities and their impact on accounts.

Ledger

A collection of accounts in which the transactions of a business are categorized and recorded, serving as the main accounting record.