GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
By dividing the total number of products by the number of production steps
|
|
|
By dividing the number of customers served by the number of hours and employee worked
|
|
|
By dividing the dollar totals of sales by the number of salespeople who made the sales
|
|
|
By dividing the dollar totals of sales by the costs of making all of those sales
|
Detailed explanation-1: -What is the total hourly production output? The productivity of an individual worker can be measured by: dividing the number of customers served by the number of hours an employee worked.
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: -One way of measuring Time to productivity can be first, defining a specific set of KPIs for each role, and second, tracking the time that a new hire needs to achieve a satisfactory level of each KPI. However, this approach requires a solid KPI system in place for all onboarding programs, and a way to track it at scale.
Detailed explanation-4: -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.