If All You Knew About a Production System Was That

question 63

Multiple Choice

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure could you use to compute productivity?

• A)Partial measure
• B)Multifactor measure
• C)Total measure
• D)A and B above
• E)B and C above

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Definitions:

Meganational Companies

Large corporations that operate in multiple countries around the world, often exerting significant economic and political influence.

Local Human Capital

The accumulated knowledge, skills, and experience possessed by the workforce within a specific locale, region, or community.

Subsidiary Human Capital

The skills, knowledge, and experience possessed by employees of a subsidiary, which contribute to its value and performance.

Local Human Capital

Local human capital refers to the collective skills, knowledge, and experience possessed by individuals within a specific geographic area, contributing to the economic productivity of that region.