What is the difference between total output and labour productivity?

Answers

Answer 1

Answer:

Productivity is the rate of efficiency by which a company produces goods and services. Thus, output is only one part of the equation used to measure efficiency. ... If the company spends more on its input than it receives in output, it is not efficient.


Related Questions

Staind, Inc., has 7.5 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8.75 percent, what is the current bond price?

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Answer:

Explanation:

Assuming the face value of the bond = $1000. Interest = 1000*7.5% = $75

Current Price = Interest * PVAF (10 years, 8.75%) + Maturity Value * PVF (8.75%, 10 Years)

Current Price = $75 * 6.4889 + $1000*0.4322

Current Price = $486.67 + $432.20

Current Price = $918.87

So, the current bond price is $918.87

Jon enjoys fishing (which costs $20) and golf (which costs $30) and has $140 to spend each month on these activities. Last month, Jon fished four times and golfed twice. The last fishing outing provided Jon a marginal utility of 50, and the last round of golf provided a marginal utility of 120. What is Jon's marginal utility per dollar spent on the last time fishing

Answers

Answer:

Fishing - 2.5 and Golfing - 4

Explanation:

Calculation to determine What is Jon's marginal utility per dollar spent on the last time fishing and golf

Last fishing outing produced =50 / $20

Last fishing outing produced = 2.5 units of utility per dollar.

Last round of golf provided= 120 / $30

Last round of golf provided= 4 units of utility per dollar

Therefore Jon's marginal utility per dollar spent on the last time fishing and golf is Fishing - 2.5 and Golfing - 4

Adrianne is a package delivery service manager. She is interested in implementing ________, the management philosophy pioneered by Frederick W. Taylor and Frank and Lillian Gilbreth, which scientifically studies work methods to improve the productivity of individual workers. In this particular case, Adrianne will study the routes that drivers take through a congested to city in order to identify ways that delivery staff can make the most deliveries in each two-hour period. Group of answer choices quantitative management contingency management management science human relations management scientific management

Answers

Answer:

scientific management

Explanation:

Scientific management represent the management theory in which the analysis is done with respect to the workflow. Its main purpose to improve out the economic efficiency and the labor productivity.

So as per the given situation since adrianne will have to study the routes so that the delivery staff could able to make the most deliveries in two -hour period due to which the productivity could be increased

The purpose of penalty clauses in purchasing agreements is to _________. assure the financial stability of the supplier stock inventory at the supplier require the supplier to comply with mandatory cost reduction efforts avoid supplier delivery problem

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Answer:

avoid supplier delivery problem

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

A penalty clause can be defined as an express provision in a contractual agreement which places an obligation or penalty such as a forfeit or fine, upon the party who has breached a contract by providing compensation to the victim or aggrieved party.

Hence, the purpose of penalty clauses in purchasing agreements is to avoid supplier delivery problem between the producers, wholesaler, retailer and consumers or buyers and sellers.

Spackel Corporation recorded the following events last year: Issuance of shares of the company's own common stock $ 380,000 Purchase of long-term investment $ 40,000 Dividends paid to the company's own shareholders $ 18,000 Cash paid to suppliers for inventory purchases $ 12,000 Repayment of principal on the company's own bonds $ 370,000 Interest paid to lenders $ 6,000 Collection by Spackel of a loan made to another company $ 110,000 Purchase of equipment $ 350,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: Multiple Choice $(280,000) $(760,000) $(1,286,000) $(390,000)

Answers

Answer:

$(280,000)

Explanation:

The computation of the net cash provided or used by investing activities is given below:

Purchase of long-term investment -$40,000

Collection by Spackel of a loan made to another company $110,000

Purchase of equipment -$350,000

Net cash used by operating activities -$280,000

Name any FIVE causes of stress in the workplace​

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Answer:

1. long hours

2. tight deadlines

3. heavy workload

4. changes to duties

5. job insecurity

If the next chair of the Federal Reserve Board has a reputation for advocating an even slower rate of money growth than the current​ chair, what will happen to interest​ rates? A. Slower money growth will lead to a liquidity​ effect, which will lower interest rates.​ Moreover, the lower​ income, price​ level, and inflation will reinforce the decrease in interest rates. B. Slower money growth will lead to a liquidity​ effect, which will raise interest​ rates; however, the lower​ income, price​ level, and inflation will tend to lower interest rates. C. Slower money growth will lead to a liquidity​ effect, which will lower interest​ rates; however, the lower​ income, price​ level, and inflation will tend to raise interest rates. D. Slower money growth will lead to a liquidity​ effect, which will raise interest rates.​ Moreover, the lower​ income, price​ level, and inflation will reinforce the increase in interest rates.

Answers

Answer: B. Slower money growth will lead to a liquidity​ effect, which will raise interest​ rates; however, the lower​ income, price​ level, and inflation will tend to lower interest rates.

Explanation:

Slower money growth would mean there is less money in the economy which means that there is less liquidity. This will increase interest rates because there would be less money available to loan out to people and so the ones that will be available have to be done at high rates.

As a result of the lower money supply though, people would have lower incomes and demand less goods which would reduce the price level. These will have the effect of reducing the rates to enable people get loans.

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