Labour Productivity Is

question 228

Multiple Choice

Labour productivity is

• A)the quantity of output produced in one hour by several workers.
• B)the quantity of capital one worker can produce in one day.
• C)the quantity of output produced by one worker or by one hour of work.
• D)the quantity of output produced in one hour by one machine.
• E)the quantity of capital produced by one machine in one hour.

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Definitions:

Present Value Concepts

Financial principles that determine the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Cash Payback Period

The time it takes for a project or investment to generate enough cash to recover the initial investment outlay.

Obsolescence

The process of becoming outdated or no longer used, often as a result of new inventions, technologies, or changes in consumer preference.

Cash Payback Period

The length of time it takes for an investment to generate enough cash flow to recover the initial investment cost.