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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?

Partial productivity Signup and view all the answers

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

Number of yards of carpet installed per worker Signup and view all the answers

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

Cost Signup and view all the answers

How do productivity increases affect the economy?

Add value to the economy Signup and view all the answers

What does multifactor productivity measure?

% Change in inputs and outputs simultaneously Signup and view all the answers

Understanding Productivity in Business Organizations

Choose a study mode

Podcast

Questions and Answers

What formula is used to calculate productivity growth?

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

What type of productivity measure is based on all inputs?

Which productivity measure is most useful in operations management?

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

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

How do productivity increases affect the economy?

What does multifactor productivity measure?

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