If All You Knew About a Production System Was That

question 17

Multiple Choice

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure could you use to compute productivity?

• A)Partial measure
• B)Multifactor measure
• C)Total measure
• D)Partial measure and Multifactor measure
• E)Multifactor measure and Total measure

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Definitions:

Net Advantage

A term used in various contexts to indicate the superiority or benefit achieved by one option over another, often evaluated in decision-making scenarios.

Annual Operating Costs

The yearly expenses associated with running a business, excluding costs associated with the production of goods or services.

Book Value

The net value of a company's assets subtracting the total liabilities, often used to assess a company's worth or the value of individual assets.

Salvage Value

The estimated resale value of an asset at the end of its useful life.