The amount of output an organization receives for a given amount of inputs is known as productivity. True False
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- In a furniture manufacturing factory, employees assembled an average of standard dining chairs per five-day week. Which one of the following is closest to the labor productivity of this operation (chairs/worker/day)? Select one: a. 17 b. 11 c. 14 d. 10If we replace the notion of “output” with “useful output” and measure productivity, the chances of discovering “Productivity Paradox” is higher in the long run. A)True B)FalseFactors that may influence the measurement of productivity are a. quality. b. external elements, like the general state of the economy. c. definition of "productivity" in terms of what to measure. d. all of the above. e. all of the above except b.
- A paper factory produces 70,000 paper each week. The equipment used costs $10,000 and will remain productive for four years. The labor cost per year is $13,500. What is the productivity measure of “units of output per dollar of input” averaged over the four-year period? a. 228 b. 229 c. 230 d. 231 e. 232What is the problem with the linear system of productivity?As part of the Department of Labor Statistics, you are assigned the task of evaluating the improvement of small businesses. Data for one of the small businesses are shown below. The data are monthly average of last year and monthly average of this year. Last Year This Year Production (dozens) 1,500 1,500 Labor (hours) 350 325 Capital Investment ($) 15,000 18,000 Energy (BTU) 3000 2700 Labor: $10.00/hr. Capital: 6% per month of Investment Energy: $0.75 per BTU. Determine the labor productivity in labor dollars for last year and this year. Determine the multifactor productivity for last year and this year. Determine the percentage change in productivity for last year versus this year.
- A shoe factory produces 95,000 shoes each week. The equipment used costs $15,000 and will remain productive for three years. The labor cost per year is $16,000. What is the productivity measure of “units of output per dollar of input” averaged over the three-year period? Hint: Productivity = total units produced divided by the total labor cost plus total equipment costOne of the abilities that decide one’s productivity is the ability to manage time. Discuss any 5 time-management skills that can help people improve their productivity.Consider the information given below. Output Inputs 335,000 units 6,400 labor hours @ $14.00 per hour Sales price = $1,301.00/unit Material cost = $41,250,000 Utilities cost = $4,600 Calculate the single factor productivities and the total productivity. Do not round intermediate calculations. Round your answers to two decimal places. Labor productivity: $/labor$ Material productivity: $/material$ Utilities productivity: $/utility$ Total productivity: $/input$
- What is productivity and why is it important? Who is primarily responsible for productivity in an organization?productivity is output per input.seed is technology.using HYV (high yielding crop variety)helps to produce moreProductivity = yield.e.g. rice yield rgeansthe quantity of rice per hectare of land.The land is an input. Rice crop seed.60 liters of milk per day.low yield of 2 or 3 is also there from localtraditional cow breeds.How does technology reduce costS toConsumers?A tire manufacturer produces auto tires.It currently produces 740 tires each 8 - hour shift. If the production is increased to 1150 tires each shift, the productivity increases by : a. 27% b. 22.2% c. 111% d. 55%