Productivity Measures

question 137

Multiple Choice

Productivity measures

• A) real output per unit of input.
• B) per-unit production costs.
• C) the changes in real wealth caused by price level changes.
• D) the amount of capital goods used per worker.

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Definitions:

AASB 136

The Australian Accounting Standards Board standard that deals with impairment of assets, requiring assets to be carried at no more than their recoverable amount.

Value In Use

The present value of the future cash flows expected to be derived from an asset, used in impairment testing.

Present Value

The present value of an amount of money or series of cash flows expected in the future, calculated using a particular interest rate.

Future Cash Flows

are the estimated amounts of money expected to be received or paid out by a business over future periods as a result of its operational activities.