Labor Productivity Is Defined as

question 188

Multiple Choice

Labor productivity is defined as

• A) the amount of output per worker.
• B) the amount of input per worker.
• C) the amount of workers per unit of input.
• D) the increase in output per unit of machinery.

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Definitions:

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, retaining control over how the work is executed.

Abnormally Dangerous Activity

Activities that inherently carry a significant risk of harm to others or property, where the activity is not common usage and the risk cannot be entirely eliminated.

Contractual Liability

The legal obligations that parties have under a contract, including the consequences of breach.

Principal

The main party to a transaction, acting on their own behalf, such as the owner of a business or the person for whom an agent acts.