Which of the following is a total factor productivity measure?
A)tons output/tons of material used
B)units produced/machine hour
C)sales value/total cost
D)gallons output/direct labor hour

Question

Quizplus · Accepted Answer

Total factor productivity measures the efficiency of all inputs to a production process, and is typically calculated as the ratio of total output to total input costs, which is represented by sales value/total cost.

Which of the Following Is a Total Factor Productivity Measure