BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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By dividing the total number of products by the number of production steps
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By dividing the number of customers served by the number of hours and employee worked
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By dividing the dollar totals of sales by the number of salespeople who made the sales
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By dividing the dollar totals of sales by the costs of making all of those sales
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Detailed explanation-1: -The productivity of an individual worker can be measured by: dividing the number of customers served by the number of hours an employee worked. The formula that is generally used to measure productivity is: outputs divided by inputs.
Detailed explanation-2: -One standard measure of productivity is output per worker-hour, or the ratio between the number of hours worked to total output. You can also measure your productivity per week or month if each unit of production takes more than an hour to create.
Detailed explanation-3: -One of the most widely used measures of productivity is Gross Domestic Product (GDP) per hour worked. This measure captures the use of labour inputs better than just output per employee.
Detailed explanation-4: -The level of productivity is the ratio of output to inputs. (For labor productivity, the input is only labor, for other measures of productivity, the input is an index of combined inputs.)