Total factor productivity equals _____________.
A) raw materials divided by labor costs
B) all inputs divided by outputs
C) outputs divided by all inputs
D) outputs times all inputs
E) marketing costs divided by labor costs

Question

Quizplus · Accepted Answer

Total factor productivity is a measure of an organization's efficiency that looks at how well an organization utilizes all of its resources-such as labor,capital,materials,or energy-to produce its outputs.

Total Factor Productivity Equals _____________