Productivity in Economic Terms Quiz

What is productivity in economic terms?

• The amount of money a company saves.

• The amount and value of goods and services produced from a set amount of resources.

• The number of employees in a company.

• The total sales a company makes in a year.

What are the outputs in the context of productivity?

• The money invested in production.

• The time taken to produce goods.

• The goods and services produced.

• The strategies used in marketing.

What are inputs in the context of productivity?

• The profits made from selling goods.

• The resources used in producing the goods and services.

• The number of products sold.

• The customer feedback on products.

How can the productivity of a seamstress be expressed?

• The total revenue from dresses sold.

• The number of hours worked.

• The number of dresses made divided by the time it took to sew them.

• The cost of materials used to make the dresses.

What is a way that productivity can be increased according to the objectives listed?

• Decreasing the number of employees.

• Increasing the time taken to produce goods.

• Discussing the importance of productivity.

• Explaining ways to increase productivity.

What can be used to measure the productivity of an individual worker?

• The amount of work the individual can produce

• The color of the worker's uniform

• The worker's age

• The brand of tools the worker uses

How is a cashier's productivity rate typically determined?

• By the number of hours they work

• By the number of customers checked out in a time frame

• By the total sales in dollars

• By the speed of the cash register

What is a unique way a copywriter's productivity might be measured?

• By the number of words written

• By the length of time it takes to complete a job

• By the number of advertisements produced

• By the number of coffee breaks taken

On what basis might a salesperson's productivity be evaluated?

• The total income from sales divided by the costs involved

• The number of sales calls made

• The quantity of products sold

• The number of competitors

Which of the following is NOT a method used to measure business productivity as mentioned in the text?

• Dividing the number of products produced by the number of steps involved in producing them

• Dividing the dollar value of total sales by the number of salespeople who make the sales

• Dividing the total number of employees by the dollar value of total sales

• Dividing the dollar value of total sales by the costs of making those sales