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

Question

Quizplus · Accepted Answer

The consumption ratio measures the proportion of an activity that is consumed by a product. It is often used in the context of resource usage, such as materials or energy, to determine the efficiency of a production process. The production ratio is a measure of the output of a process relative to its input, while the efficiency ratio typically measures the output achieved relative to a predetermined standard. The quality ratio measures the degree to which a product or service meets certain quality standards.

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