Which of the Following Approaches Is Concerned with Measuring Productivity

question 1

Multiple Choice

Which of the following approaches is concerned with measuring productivity?

• A) Internal system
• B) External resource
• C) Technical
• D) Transaction cost

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Definitions:

Pollution

The contamination of the environment by harmful substances or waste, leading to adverse effects on living organisms and ecosystems.

Drunk Driver

An individual who operates a vehicle under the influence of alcohol, posing significant risks to safety and public health.

Economic Efficiency

A situation where resources are allocated in the most effective way from the standpoint of societal welfare.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing one option over another.