What is meant by the term productivity? How are productivity measures being used?
What will be an ideal response?
Answer: The simple formula for productivity is as follows: Productivity = Output/Input. Thus, productivity measures how well an organization is using its resources (inputs) to produce goods and services (outputs). A useful productivity measure for a restaurant would be the number of meals served per server. A useful productivity measure for an automobile assembly plant would be the number of labor hours used to produce a car. Productivity measures such as these can be used for two main comparative purposes. First, a firm can use the measures to compare itself to similar firms. Second, a firm can track productivity measures over time to identify trends.
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Systems that allow businesses to conduct transactions online are ________
A) business-to-business systems B) transaction processing systems C) business intelligence systems D) none of the above
The major drawback to flextime is:
A) it is not applicable to every job. B) the workplace tends to be unorganized. C) productivity tends to be lower. D) employees try to arrive late or leave early.