The Productivity Standard Says

question 3

Multiple Choice

The productivity standard says

• A) that everyone should have exactly the same income.
• B) that the age-earnings cycle should determine income.
• C) that people should be compensated on the basis of what they produce.
• D) that people should be compensated on the basis of their need.

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Definitions:

Average Total Assets

A measure calculated by averaging the total assets a company has at the beginning and end of the financial period, used to evaluate asset efficiency.

Net Sales

The amount of a company's gross sales minus its returns, allowances, and discounts.

Days' Sales in Inventory

A financial metric indicating the average number of days a company takes to sell its inventory.

Ending Inventory

The cumulative worth of merchandise ready for sale at the conclusion of a financial period.