Which of the Following Statements About Productivity Measures Is True

question 70

Multiple Choice

Which of the following statements about productivity measures is true?

• A) They may only be stated in terms of dollars.
• B) Total factor productivity explicitly considers gains from using fewer inputs, not from substituting inputs.
• C) Partial productivity measures allow managers to evaluate the effect of input substitutions on overall productivity.
• D) It is important to use the results as a starting point for analysis.
• E) The productivity measure may not be made for companies with multiple products.

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Definitions:

Virginia Company

An English joint-stock company established in 1606 by King James I with the purpose of establishing colonial settlements in North America.

Immigrants

Individuals who move from one country to another with the intention of settling in the new country, often in search of better living conditions or job opportunities.

Narragansett Sachem

A leader or chief of the Narragansett, a Native American tribe located in the northeastern United States, particularly in the Rhode Island region.

Miantonomi

A notable leader of the Narragansett Native American tribe in the 17th century, involved in various alliances and conflicts during early colonial American history.