Answer: Output divided by input (Option E)
Explanation:
Productivity measures the efficiency in production. Productivity is shown as the ratio of total output to the total input used in the production of a particular good or service. This means that productivity is the output per unit of input over a specified time period.
Productivity in organizations can be affected by recession, the national economy, competition, inflation etc. Employee productivity has a great impact on company's profits. Let’s say a company generated $60,000 worth of goods(output) using 2,000 hours of labor(input). The company’s labor productivity would be gotten by dividing 60,000 by 2,000, which equals 30. This means that the company generates $30 per hour of work.
Answer: E. output divided by input
Explanation: productivity of a process, line, division, an entire company, or a country is expressed as output divided by input. It is given as a ratio of a volume measure of output to a volume measure of input use.
Productivity is defined as the the rate at which goods or services are produced by a standard population of workers as measured in terms of the rate of output per unit of input. It also measures the efficiency of a worker, machine, system, etc., in converting inputs into useful outputs.
