Which of the Following Statements Is True Concerning Productivity Measures

question 10

Multiple Choice

Which of the following statements is true concerning productivity measures?

• A) Both the partial productivity and total factor productivity measures have the same weaknesses, but each has different strengths as a measure.
• B) Both the partial productivity and total factor productivity measures have the same strengths, but each has different weaknesses as a measure.
• C) Both the partial productivity and total factor productivity measures have the same strengths, and the same weaknesses as a measure.
• D) The weaknesses of the partial productivity measure are the strengths of the total factor productivity measure.
• E) The strengths and weakness in the measurements of the partial productivity measure are the strengths of the total factor productivity measures are completely unrelated to each other.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Personal Selling

A direct, one-on-one form of selling in which a salesperson uses skills and techniques to persuade a buyer to purchase a product or service.

Time

The ongoing sequence of events and the resource that can be managed, spent, saved, or wasted in activities or processes.

Extended Credit

A financial arrangement that allows a customer to purchase goods or services on account, paying for them at a later date.