Given the Following Information, What Would Efficiency Be? Effective Capacity

question 90

Multiple Choice

Given the following information, what would efficiency be? Effective capacity = 50 units per day
Design capacity = 100 units per day
Actual output = 30 units per day

• A)40%
• B)50%
• C)60%
• D)80%
• E)90%

Understand the five stages of team development and their characteristics.

Identify key concepts and terms related to team diversity and functioning.

Describe the characteristics and purpose of different types of teams in organizations.

Identify challenges associated with team diversity and strategies for managing them.

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Definitions:

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).

Keynes

refers to John Maynard Keynes, a British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and control inflation have had a significant influence on modern macroeconomics.

Aggregate Supply

The total supply of goods and services that firms in a national economy plan to sell during a specific time period.

Aggregate Demand

The total demand for goods and services within an economy at a given time and price level.