The lower the inputs for a given set of outputs or the higher the outputs for a given set of inputs, the higher the level of ________.
A) overallocation
B) expenditure
C) productivity
D) labor costs

Question

Quizplus · Accepted Answer

The term used to describe the relationship between inputs and outputs is productivity. When the inputs are low and outputs are high, it indicates a higher level of productivity, as the resources are being utilized efficiently. Therefore, the correct answer is C) productivity. Overallocation refers to the allocation of more resources than required, expenditure refers to the amount of money spent, and labor costs refer to the cost of labor required to produce the output, which are not necessarily related to the productivity level.

The Lower the Inputs for a Given Set of Outputs