Westcoast Ltd

question 74

Multiple Choice

Westcoast Ltd.provided the following information: What is the total factor productivity ratio?

• A)1.8:1 fully absorbed cost to material input costs
• B)4:1 selling price to input cost
• C)220:1 input cost (plastic kg.:paint kg.)
• D)0.66 units per kilogram of input materials
• E)$1.79 units per dollar of input cost

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Definitions:

Economic Efficiency

A condition in which a system is capable of producing maximum desired outputs from given inputs without wastage, reflecting optimal allocation of resources.

Information Flow

The movement of information within and between entities, which is crucial for decision making and operations.

Politically Authoritarian

A governance system marked by strong central power and limited political freedoms and personal rights.

Property Rights

Legal rights to possess, use, and dispose of assets including real, personal, and intellectual property.