Which of the following statements is true of multifactor productivity?
A) It indicates a company's overall level of productivity relative to its competitors.
B) It assesses how efficiently companies use only one input, such as labor, when creating outputs.
C) It indicates the specific contributions that labor, capital, materials, or energy make to overall productivity.
D) It helps managers in analyzing the contributions of individual components that determine productivity.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true of multifactor productivity?
A) It indicates a company's overall level of productivity relative to its competitors.
B) It assesses how efficiently companies use only one input, such as labor, when creating outputs.
C) It indicates the specific contributions that labor, capital, materials, or energy make to overall productivity.
D) It helps managers in analyzing the contributions of individual components that determine productivity.

Which of the Following Statements Is True of Multifactor Productivity