In measuring the total factor productivity of an organization, which of the following is an example of the contribution of the raw materials to output production?
A)number of tons of iron ore required to make one ton of steel
B)total number of units of energy consumed
C)number of man hours required to process raw materials
D)total number of employees required to operate the machinery

Question

Quizplus · Accepted Answer

The number of tons of iron ore required to make one ton of steel directly measures the contribution of raw materials to output production, as it quantifies the input needed to produce a specific output.

In Measuring the Total Factor Productivity of an Organization, Which