Which of the Following Statements About Productivity in the Service

question 301

Multiple Choice

Which of the following statements about productivity in the service sector of the U.S. economy is most accurate?

• A) Productivity in the service sector has increased much more rapidly than productivity in the manufacturing sector.
• B) Improving productivity in the service sector is much less important than improving productivity in the manufacturing sector, because the service sector does not really produce anything.
• C) Productivity in the service sector is easier to measure than productivity in agriculture.
• D) Measures of productivity in the service sector do a poor job of taking quality improvements into account.

---

Definitions:

Independent Demand

The demand for a final product or service which is not directly related to the demand for other products or services within a supply chain.

Rivets

Metal pins or bolts used to fasten two pieces of material together, commonly used in construction, manufacturing, and aerospace industries.

EOQ

Economic Order Quantity, a formula used to determine the optimal quantity of stock to minimize total inventory costs, including holding and ordering costs.