PRODUCTIVITY Flashcards
(5 cards)
1
Q
Measure of process improvement
A
Productivity
2
Q
Only through _____________ increases
our standard of living can improve
A
productivity
3
Q
Single Factor Productivity Formula
A
SFP = units produced / labor or machine or capital or energy
4
Q
Multi-Factor Productivity Formula
A
MFP = units produced / any combination of input element
5
Q
Total Measure of Productivity Formula
A
TMP = units produced / all inputs or resources used
