Asked by
Viruni Senevirathne
on Oct 12, 2024
Verified
Which of these is the most accurate statement about productivity?
A) One can question whether our measurement of productivity is at all accurate.
B) It has virtually no reliability or usefulness.
C) Although it is a poor measure of quantity produced,it is a very useful measure of product quality.
D) It is much more useful in measuring the output of people working in services than the output of people working in manufacturing.
Productivity
A measure of the efficiency of production, often calculated as the ratio of outputs to inputs in a given time period.
- Familiarize oneself with the factors that catalyze the increase in productivity, especially considering the impact of technological progress and education.
Verified Answer
NK
Learning Objectives
- Familiarize oneself with the factors that catalyze the increase in productivity, especially considering the impact of technological progress and education.