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    Cost Accounting Study Set 1
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    Exam 13: Strategy, Balanced Scorecard, and Strategic Profitability Analysis
  5. Question
    Total Factor Productivity (TFP)is the Ratio of the Quantity of Output
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Total Factor Productivity (TFP)is the Ratio of the Quantity of Output

Question 114

Question 114

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Total factor productivity (TFP)is the ratio of the quantity of output produced to the costs of all inputs used, where the inputs are combined on the basis of current period prices.

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