11. A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:

a. More quickly. b. With fewer constraints. c. More outputs with the same inputs. d. More outputs with more inputs.

12. Which one of the following refers to the firm's ability to pay its current operating expenses and maturing debt?

a. Discounted cash flow. b. Liquidity. c. Profitability. d. Purchasing power.