The technical relationship between inputs and outputs is called the
A) balance sheet.
B) income statement.
C) production function.
D) technostructure.
E) net worth.

Question

Quizplus · Accepted Answer

The technical relationship between inputs (such as labor and capital) and outputs (such as goods and services) is described by the production function. The balance sheet and income statement are financial statements that show a company's financial position and performance, and the technostructure refers to the management and administrative systems of a company. Net worth is a measure of a company's assets minus its liabilities, and is not directly related to the technical relationship between inputs and outputs.

The Technical Relationship Between Inputs and Outputs Is Called the