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Understanding Productivity in Business Organizations
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Understanding Productivity in Business Organizations

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Questions and Answers

What formula is used to calculate productivity growth?

  • Current Productivity - Previous Productivity x 100 (correct)
  • Current Productivity - Previous Productivity x 100 / Previous Productivity
  • Current Productivity - Previous Productivity / Previous Productivity
  • Current Productivity - Previous Productivity

    • How does productivity growth impact a country's inflation rate?

  • Increases inflation rate if over 5%
  • Has no effect on inflation rate
  • Decreases inflation rate (correct)
  • Increases inflation rate

    • What type of productivity measure is based on all inputs?

  • Total productivity (correct)
  • Multifactor productivity
  • Labor productivity
  • Partial productivity

    • Which productivity measure is most useful in operations management?

    <p>Partial productivity</p> Signup and view all the answers

    In labor productivity, what does 'Yards of carpet installed per labor hour' represent?

    <p>Number of yards of carpet installed per worker</p> Signup and view all the answers

    What is the common unit of measurement used in multifactor productivity calculations?

    <p>Cost</p> Signup and view all the answers

    How do productivity increases affect the economy?

    <p>Add value to the economy</p> Signup and view all the answers

    What does multifactor productivity measure?

    <p>% Change in inputs and outputs simultaneously</p> Signup and view all the answers

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