The CEO of a company that manufactures maple wooden cutting boards has determined that it takes two hours of labour,a planer,a sander,an electric saw,and $5.67 to make one maple cutting board from a piece of maple lumber 46 cm square and 5 cm thick. Which type of productivity has the CEO determined about his company in order to compare its operation with that of its competition?

Question

Quizplus · Accepted Answer

The CEO has determined the productivity of his company using multiple factors including labour, machinery, and material cost. Therefore, the type of productivity determined is multifactor productivity.

The CEO of a Company That Manufactures Maple Wooden Cutting