The measure of the efficiency of a specific input in the production of a given output is called _______.
A) efficiency ratio
B) partial productivity
C) total factor productivity
D) labor productivity

Question

Quizplus · Accepted Answer

Though sometimes a useful measure of efficiency overall, total factor productivity obscures the exact contribution of an individual-input such as labor-to the production of a given output. Consequently, most organizations focus on specific measures of efficiency, known as partial productivity, that measure the efficiency of an individual unit.

The Measure of the Efficiency of a Specific Input in the Production