Premier Products Co The Total Factor Productivity Measure Is:
A) $150,000

question 78

Multiple Choice

Premier Products Co. has provided the following information for last year:
$$\begin{array} { l r r } \text { Material costs } & \$ 150,000 \\\text { Labor hours } & \$ 45,000 \\\text { Overhead costs } & \$ 117,000 \\\text { Product produced } & 8,000 & \text { @ selling price of \$45/each }\end{array}$$
The total factor productivity measure is:

• A) $150,000.
• B) $312,000.
• C) 1.154.
• D) 0.832.

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Definitions:

Turnover

The rate at which employees leave a company and are replaced by new employees.

Tardiness

The act of being late, particularly referring to late arrival at work or failure to meet deadlines.

Strikes

Work stoppages initiated by employees to pressurize employers into meeting their demands regarding wages, work conditions, or other workplace issues.

Healthy Stress

A level of stress that stimulates an individual to achieve goals, adapt to challenging situations, and maintain optimal performance.