Which ratio measures the proportion of an activity consumed by a product?
A) quality ratio
B) efficiency ratio
C) production ratio
D) consumption ratio

Question

Quizplus · Accepted Answer

The consumption ratio measures the proportion of an activity consumed by a product. It indicates how much of a specific resource was used to create a product, which can help companies adjust their production processes and reduce waste. The other options (quality ratio, efficiency ratio, and production ratio) do not specifically measure the proportion of an activity consumed by a product.

Which Ratio Measures the Proportion of an Activity Consumed by a Product