Total factor productivity equals ________.
A) raw materials divided by labor costs
B) all inputs divided by outputs
C) outputs divided by all inputs
D) outputs times all inputs

Question

Quizplus · Accepted Answer

Total factor productivity is a measure of an organization's efficiency that looks at how well an organization utilizes all of its resources-such as labor, capital, materials, or energy-to produce its outputs.

Total Factor Productivity Equals ________