At the End of 2011, Gilley Company Implemented a New

question 52

Multiple Choice

At the end of 2011, Gilley Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase.Now, at the end of 2012, the president of the company wants an assessment of the changes on the company's productivity.The data needed for the assessment are as follows:
- What is the partial operational measure for materials for 2011?

• A) 2.00
• B) 1.00
• C) 2.35
• D) 1.25

---

Definitions:

Tangible Assets

Assets owned by a business that can be seen and examined.

Intangible Assets

Assets that have value to a business but are not visible.

Long-Term Equity

Investments in stocks or other equity instruments that are intended to be held for a period longer than one year for potential appreciation in value.

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received on credit.