ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Measuring labour productivity is most likely to be difficult or meaningless in which of the following occupations?
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Professional footballers
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Primary school teachers
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Factory workers making smartphones
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Real estate sales agents
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Explanation:
Detailed explanation-1: -Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Business and government can increase labor productivity of workers by direct investing in or creating incentives for increases in technology and human or physical capital.
Detailed explanation-2: -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-3: -Expert Answer because the output per machine hour does not cover the efficiency of the workers to measure the labour productivity.
There is 1 question to complete.