An Increase in Productivity Means That a Worker Is Now

question 319

True/False

An increase in productivity means that a worker is now able to produce more goods and services in the same amount of time.
Level of Learning 1: Knowledge of key terms

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Definitions:

Activity Variance

The difference between what was planned in terms of activity levels or costs and what was actually achieved.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive personnel and office supplies.

Client-Visits

The number of times clients come to a business location or are contacted for service purposes within a given time frame.

Activity Variance

The difference between the expected amount of activity and the actual activity level, often used in budgeting and forecasting.