GK
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: -How to Calculate Productivity. 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: -Rather, productivity is output divided by input. So the job of productivity measurement is to highlight how to get more units of output (goods produced or services rendered) for each unit of input (materials, labor hours, machine time) than your competitors are able to deliver.
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