___________ may be defined as the ratio between output and input.

Related MCQs

• _____________ function of production planning and control decides the quantity of output to be produced and the cost involved in it on the basis of sales forecast.
• Which of the following is defined as a set of activities which help to keep plant, machinery and other facilities in good working condition?
• A production system uses __________ to perform inputs into some desired output.
• ___________ is the ratio of available goods and services to the potential resources of the community or the country.
• Typical differences between goods and services do not include _____________.
• ___________ function develops a physical relationship between inputs and outputs.
• The material handling device which moves materials between two fixed points is _____________.
• Building construction and maintenance, maintaining service facilities such as water, gas, steam, compressed air, heating and ventilating, air conditioning, painting, plumbing and carpentry work includes _______________ type of maintenance.
• Planning and controlling the quality of products and services is a ________ type of decision.
• ________ function of production planning and control determines the starting time and finishing time for each operation.