In the context of evaluating economic performance, describe productivity.
What will be an ideal response?
Answers will vary. Productivity refers to the relationship between the goods and services that an economy produces and the resources needed to produce them. The amount of output-goods and services-divided by the amount of input equals productivity. The goal is to produce more goods and services, using fewer hours and other inputs. A high level of productivity typically correlates with healthy GDP growth, while low productivity tends to correlate with a more stagnant economy.Over the past couple of decades, the United States has experienced strong productivity growth, due largely to infusions of technology that help workers produce more output, more quickly. However, it must be kept in mind that productivity does not measure quality. That's why it is so important to examine multiple measures of economic health rather than relying on simply one or two dimensions.
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The cash budget is derived exclusively from the sales and production budgets
Indicate whether the statement is true or false
Which of the following was developed to guarantee that an organization's products conform to the customer's requirements?
A) Six Sigma B) ISO 9000 C) ISO 14000 D) TQM E) cannibalization
The best definition for reliability is
a. a measure of the degree to which data measures what you intend for it to measure. b. a measure of the accuracy and repeatability of the data. c. a measure of the relationship between two variables. d. none of the above
What is the best guideline for creating text on your multimedia slides?
A) Always create your text using black font. B) Include paragraphs of text so that your content looks more meaningful. C) As a general guideline, include no more than six bullets per screen and six words per bullet. D) Avoid using bullets altogether because they are considered out of date.