Utilization is the degree to which equipment, space, or labor is currently being used.

Name: Utilization is the degree to which equipment, space, or labor is currently being used.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Utilization refers to the level of activity or usage of a particular resource, such as equipment, space, or labor, at a given time. It measures how much of the available resource is being used or occupied, expressed as a percentage of the total capacity. Therefore, the statement is true.

Utilization Is the Degree to Which Equipment, Space, or Labor