CASE
Scenario - Neal Muli
At Samomi Manufacturing Inc., manager Neal Muli wants to use highly trained employees at every stage of the production process to cut waste and improve quality. He is training employees to "think lean" and become empowered to make changes to attack waste and strive for continuous improvement in all areas.
-If Muli decides to measure total factor productivity, at which factors should he look?
A) labor, capital, materials, and output
B) labor, capital, and output.
C) labor dollars and output
D) labor, capital, materials, energy, and output
E) none of these

Question

Quizplus · Accepted Answer

Total factor productivity considers all inputs used in production, including labor, capital, materials, and energy, in relation to the output produced.

CASE Scenario - Neal Muli