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Review Ch1

Authored by gais Almaamari

Business

1st Grade

Used 1+ times

Review Ch1
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Productivity increases when

inputs increase while outputs remain the same

inputs decrease while outputs remain the same

outputs decrease while inputs remain the same

inputs and outputs increase proportionately

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Services often

are tangible.

are standardized.

are knowledge based

are low in customer interaction.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Productivity

can use many factors as the numerator

is the same thing as production

increases at about 0.5% per year.

is dependent upon labor, management, and capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Single factor productivity:

remains constant.

is never constant.

usually uses labor as a factor.

seldom uses labor as a factor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Multifactor productivity:

remains constant.

is never constant.

usually uses substitutes as common variables for the factors of production.

seldom uses labor as a factor.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

productivity increases each year in the USA are a result of three factors

labor, capital, management

engineering, labor, capital

engineering, capital, quality control

engineering, labor, data processing

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