When Evaluating Capacity, Managers Need to Consider Both Resource Inputs

question 21

True/False

When evaluating capacity, managers need to consider both resource inputs and product outputs.

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total taxable income, showing the percentage of income that goes to taxes.

Tax Rate

The percentage of a price or taxable amount that is payable as tax.

Percentage Calculation

The mathematical process of finding a part or portion of a number in terms of 100.

Percentage Calculation

The process of finding a part of a whole number or quantity, typically expressed as a fraction of 100.