MANAGEMENT

Detailed explanation-1: -Productivity is defined as the quantity of goods and services produced from each hour of a worker’s time.

Detailed explanation-2: -Answer and Explanation: The correct answer is: b. divide output by the number of hours worked.

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: -One standard measure of productivity is output per worker-hour, or the ratio between the number of hours worked to total output.

Detailed explanation-5: -Productivity is a measure of economic performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.