If a manager wants to assess performance relative to the industry, it is best to use:
A) partial productivity measures.
B) production volume variances.
C) sales price variances.
D) total factor productivity.

Question

Quizplus · Accepted Answer

Total factor productivity measures the efficiency of all inputs used in production and allows comparison with industry standards, providing a comprehensive view of performance relative to the industry.

If a Manager Wants to Assess Performance Relative to the Industry