Measurement of Productivity in Service Is More Straightforward Than in Manufacturing

question 49

True/False

Measurement of productivity in service is more straightforward than in manufacturing since it is not necessary to take into account the cost of materials.

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Definitions:

Non-contributory Plan

A benefits arrangement where only the employer bears the cost of premiums, requiring no monetary contribution from employees.

Contributory Plan

A retirement or insurance plan where both the employer and employees contribute to the fund.

Registered Retirement Savings Plans

Tax-advantaged savings accounts in Canada designed to help individuals save for their retirement.

Defined Non-contributory Plan

A type of pension plan where the employer bears the entire cost of the contributions without requiring contributions from the employees.