In the banking industry,a particular bank's efficiency ratio is a closely monitored metric.If one bank can achieve a profit of $2 million per year with 90 employees,and another bank needs to employ 200 employees to achieve the same level of profits,the first bank's employees are more efficient than the second.Which of the following output controls and measurement is the banking industry using?
A) Profits
B) Quality control
C) Growth
D) Productivity
E) Market share

Question

Quizplus · Accepted Answer

The banking industry is using productivity as an output control and measurement by comparing the number of employees required to achieve a certain level of profit. The bank with fewer employees and the same level of profit is considered more efficient and productive.

In the Banking Industry,a Particular Bank's Efficiency Ratio Is a Closely