The Measure of the Efficiency of a Specific Input in the Production

question 83

Multiple Choice

The measure of the efficiency of a specific input in the production of a given output is called _______.

• A) efficiency ratio
• B) partial productivity
• C) total factor productivity
• D) labor productivity

---

Definitions:

Operating Income

The profit realized from a business's core operations, excluding deductions for interest and taxes.

Income Statement

A financial statement that shows a company's financial performance over a specific accounting period, detailing revenues, expenses, profits, and losses.

Gain

The increase in equity resulting from the sale of a business asset for more than its carrying amount.

Assets

Assets that a business possesses or controls, anticipated to yield future economic advantages.