Which Statements About the Relationship Between Technology, Production, and Productivity

Multiple Choice

Which statements about the relationship between technology, production, and productivity are true?

A) Technology is the process of transforming resources into products, and technology is used to increase productivity.
B) Production is a performance measure of how many products were produced; whereas, productivity is a performance measure relating outputs to inputs.
C) The goal is to increase productivity; however, a firm can increase production while decreasing productivity.
D) Productivity is a performance measure relating outputs to inputs.
E) Technology has not changed the way in which we do business in the past several decades.