Labor Productivity Is Measured as

question 19

Multiple Choice

Labor productivity is measured as

• A)the value of total output times total employment
• B)total output of all workers employed
• C)total output divided by the number of units of labor employed
• D)total labor input divided by output
• E)average output per unit of capital

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Definitions:

Cash Balances

The total amount of cash in a company's account at any given time, which can be used for transactions or as a reserve.

Receivables Financing

A form of financing where a company uses its outstanding invoices or receivables as collateral to secure a loan or advance.

Administrative Fee

Charges imposed by investment funds or companies to cover operational and management expenses.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity of the business.