Which of the Following Is True About Labor Productivity

question 13

Multiple Choice

Which of the following is true about labor productivity?

• A)it is the amount of output produced per unit of labor
• B)it is easier to measure than total factor productivity (TFP)
• C)it is more commonly mentioned in the media than total factor productivity (TFP)
• D)all of the above
• E)none of the above

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Definitions:

Fixed Assets

Durable physical assets utilized in the running of a company, which aren't anticipated to be expended or turned into cash within one year.

Notes Payable

Financial obligations represented by promissory notes, which require the payer to repay the debt within a specified timeframe.

Asset Utilization Ratio

A metric that measures how efficiently a firm uses its assets to generate sales or revenue.

Net Income

The remainder income for a company once it has accounted for all expenditures and tax payments from its earnings.