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- Multiple ChoicePlease save your changes before editing any questions.
Producing a desired result without wasting time, energy, money, or other resources.
Efficiency
Productivity
Input
Output
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A way of doing something.
Efficiency
Input
Process
Output
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The amount of something that is produced
Input
Efficiency
Productivity
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Resources being used to make the output
Input
Productivity
Output
Process
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Resources being produced, and it is the final product.
Input
Ouput
Process
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If productivity increases, commodity (a good) can be produced faster.
True
False
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Productivity is measured in _________ or ________
time or resources
hours worked or number of workers
cm or inches
buying in bulk or revenue
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The demand for the product increase then declines over a certain period of time.
Output
Input
Law of Diminishing Return
Productivity
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Motivating employees is way to increase productivity.
True
False
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_______ is a way to increase productivity.
Talking bad about an employee
Technology
Increase the price of a product
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Breaking a larger task down into smaller tasks in order to get the job done.
Division of labor
productivity
effciency
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Demand change when price decreases.
Elastic
Inelastic