Productivity Is Defined as the Quantity of

question 117

Multiple Choice

Productivity is defined as the quantity of

• A)labor required to produce a nation's GDP.
• B)labor required to produce one unit of goods and services.
• C)goods and services produced from each unit of labor input.
• D)goods and services produced per unit of time.

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Definitions:

Dishonored Check

A check that a bank refuses to pay, usually because the account holder does not have enough funds.

Provisional Credit

Temporary credit issued by a bank to an account holder, often while disputes or errors are being resolved.

Dishonor

In finance, the refusal or inability of a drawee of a negotiable instrument to pay the amount due upon presentment.

Actual Payment

The real transfer of funds from one party to another, completing a transaction or settling a debt.