Which of the Following Statements Is TRUE Concerning Productivity

question 95

Multiple Choice

Which of the following statements is TRUE concerning productivity?

• A)The lower the partial productivity ratio, the greater the productivity.
• B)Productivity has increased when the partial productivity ratio is high.
• C)Prices of inputs are incorporated in the partial productivity ratio.
• D)The partial productivity ratio measures the number of outputs produced per multiple input.
• E)The partial productivity ratio measures the amount of a single output produced with multiple inputs.

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Definitions:

Strategic Management Process

A comprehensive approach to planning, executing, monitoring, and adapting strategies that guide an organization in maintaining competitive advantage.

Strategy

A comprehensive plan guiding resource allocation to achieve long-term organization goals.

Lack of Participation Error

A situation in decision-making processes where not all relevant parties are included, which can lead to suboptimal outcomes and reduced acceptance of decisions.

Strategic Planning

The process of defining an organization's strategy and making decisions on allocating its resources to pursue this strategy.