What Do Managers Measure When They Calculate a Productivity Ratio

question 22

Multiple Choice

What do managers measure when they calculate a productivity ratio?

• A) Profit margin
• B) Labor usage
• C) Inventory turnover
• D) Hourly sales levels

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Definitions:

Natural State

Often refers to the condition of human beings and society before the establishment of formal laws and social structures, suggesting an innate nature of existence.

Tabula Rasa

A theory that individuals are born without built-in mental content, and therefore all knowledge comes from experience or perception.

Blank Slate

The theory that individuals are born without built-in mental content, and all knowledge comes from experience or perception.

Specific Knowledge

Knowledge that is detailed, specialized, and particular to a specific field or subject matter.