Which of the Following Statements Is True of Productivity Measures

question 47

Multiple Choice

Which of the following statements is true of productivity measures?

• A) Partial productivity and total factor productivity measures never work best together.
• B) Partial productivity explicitly considers gains from using fewer physical inputs as well as substitution among inputs.
• C) All productivity measures are physical measures lacking financial content.
• D) Total factor productivity considers the trade-offs across various inputs based on current input prices.

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Definitions:

Product-Focused Facilities

Manufacturing or service facilities designed around a narrow range of products or services to achieve higher efficiency and quality.

Stable Demand

A market condition characterized by minimal fluctuations in demand for a product or service over time.

Capacities Known

A situation where the maximum output levels for resources or processes are clearly identified and measured, facilitating planning and optimization.

Set-Up Times

refers to the period required to prepare equipment, machines, or systems for a manufacturing process or operation, aiming to minimize it for efficiency.