The production team of Widget Corp., a furniture manufacturer, has determined the amount of wood, metal, fabric, labor hours, capital, and the electricity required to make one chair. The collective effort of all these resources would help the company determine its _____.
A) economic order quantity
B) partial productivity
C) multifactor productivity
D) internal service quality

Question

Quizplus · Accepted Answer

The collective effort of all these resources would help the company determine its multifactor productivity, which is a measure of the output produced per unit of input for a combination of resources. Economic order quantity is related to inventory management, partial productivity measures output with respect to a single input, and internal service quality is a measure of how well internal services are meeting the needs of the company.

The Production Team of Widget Corp