Asked by Justice Johnson on Apr 25, 2024
In Scenario 16-2, to measure the productivity of her business, Shana would ______.
A) divide output by sales
B) divide input by sales
C) divide input by expenses
D) divide total outputs by total inputs
Total Outputs
The complete quantity of goods or services produced by a company or economy over a specific period.
Total Inputs
The complete set of resources, materials, and labor used in the production process of goods or services.
Productivity Measure
A quantifiable standard or metric used to assess the efficiency and effectiveness of a task, process, or resource in generating output.
- Acquire knowledge about methods of productivity measurement and understand the concept of the productivity ratio.
Learning Objectives
- Acquire knowledge about methods of productivity measurement and understand the concept of the productivity ratio.