Which of the following statements about productivity is true?
A) Productivity is a ratio of benefits to costs (i.e., benefits divided by costs).
B) For companies, higher productivity can lead to lower costs.
C) For countries, higher productivity produces a lower standard of living.
D) Productivity decreases make products more affordable.
E) All of the statements about productivity are true.

Question

Quizplus · Accepted Answer

For companies, higher productivity (that is, doing more with less) results in lower costs.

Which of the Following Statements About Productivity Is True