Productivity is a measure of efficiency and equal to ___________ / __________ (Select 1)(2pts) Outputs / Inputs Profits / Losses Expenses / Revenues Good Information / Poor Information

Outputs /Inputs

Productivity is defined as a measure of efficiency. Using productivity we can measure system , machine , person , factory efficiency.

Productivity will helps in measuring how much input we use to produce one unit of output

Productivity = Output/Input

Multi factor productivity = Output/(Labor+Material +Energy+ Overhead +capital )costs

 
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