In measuring the total factor productivity of an organization, which of the following is an example of the contribution of the raw materials to output production?
A) Number of tons of iron ore required to make one ton of steel
B) Total number of units of energy consumed
C) Number of man hours required to process raw materials
D) Total number of employees required to operate the machinery

Question

Quizplus · Accepted Answer

In defining total productivity, the contribution of materials is measured by the amount consumed (for example, tons of iron ore required to make a ton of steel).

In Measuring the Total Factor Productivity of an Organization, Which