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)standard costs.
B)sales.
C)productivity.
D)labour costs.
E)labour costs and productivity.

Question

Quizplus · Accepted Answer

The concept being described is efficiency or productivity. If a company can achieve the same outputs with lower inputs (or more outputs with the same inputs), then it is operating at a higher level of efficiency or productivity. This can lead to cost savings and increased profitability.

The Lower the Inputs for a Given Set of Outputs