Which of the following is a multifactor measure of productivity?
A) Output ÷ Materials
B) Output ÷ (Labor + Capital + Energy)
C) Output ÷ All resources used
D) Output ÷ Inputs
E) All of these choices are correct

Question

Quizplus · Accepted Answer

Option B is the correct choice as it considers all the factors that contribute to productivity, i.e. labor, capital, and energy, along with output. Option A only considers materials, Option C considers all resources but is too broad and vague, and Option D is too generic and doesn't specify the inputs being considered. Therefore, option B is the most comprehensive and accurate measure of productivity.

Which of the Following Is a Multifactor Measure of Productivity