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