ECONOMICS
PRODUCTIVITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lower cost of production
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You may get paid less because the job took less time
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Increase customer satisfaction
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Maximize use of scarce resources
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Detailed explanation-1: -Good productivity can help you set better goals, be more effective, increase focus and boost motivation. The advantage of being more productive is that it enables you to get more and better work done in less time. If you’re a productive person you can accomplish bigger and better results.
Detailed explanation-2: -The downside of improved employee productivity is that too much work may result in emotional stress and burnouts due to the many hours of working hard. Processes can become redundant since employees have exhausted the will power to make any improvements.
Detailed explanation-3: -There are plenty of studies that show that working fewer hours can lead to more productivity. One study, for example, found that teams become more productive when their hours are shorter. The study found that when people work fewer hours, they have more energy and focus, and they’re less likely to make mistakes.