BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The formula that is generally used to measure productivity is:
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labor divided by resources.
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inputs divided by labor.
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goods divided by time.
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outputs divided by inputs
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Explanation:
Detailed explanation-1: -The calculation for productivity is straightforward: divide the outputs of a company by the inputs used to produce that output. The most regularly used input is labor hours, while the output can be measured in units produced or sales.
Detailed explanation-2: -You can measure employee productivity with the labor productivity equation: total output / total input. Let’s say your company generated $80, 000 worth of goods or services (output) utilizing 1, 500 labor hours (input). To calculate your company’s labor productivity, you would divide 80, 000 by 1, 500, which equals 53.
Detailed explanation-3: -Identify the productivity ratio formula. The formula is output / input = productivity.
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