The Ratio of Output to Input Is Termed Productivity

question 2

True/False

The ratio of output to input is termed productivity.

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Definitions:

Assets

Resources owned or controlled by a business that are expected to bring future economic benefits.

Recorded

The act of documenting transactions or events in financial records or other types of logs.

Earned

Income, benefits, or rights obtained as a result of work or contribution.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided.