The Average Output Per Hour of Work Is Called

question 179

Multiple Choice

The average output per hour of work is called

• A)labor productivity.
• B)output productivity.
• C)hourly work production.
• D)hourly production.
• E)marginal productivity.

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Definitions:

Future Value

The value of an investment or cash flow at a specific future date, adjusted for time value of money and interest.

Discount Rate

The interest rate used to discount future cash flows to their present value, often reflecting the cost of capital or the risk of the investment.

Present Value

The present evaluation of a future cash sum or series of cash receipts, factoring in a certain rate of return for discounting.