What is one method to measure business productivity?

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

Dividing the number of employees by the number of products

Dividing the number of meetings by the number of sales

Dividing the number of hours worked by the number of employees

How is productivity typically measured when the output is tangible?

By dividing the output by the inputs

By the quality of customer service

What additional factors are considered when measuring the productivity of service businesses?

The quality, appropriateness, timeliness, and cost of the service

Only the number of clients served

The monetary value of the output

What is a key consideration when evaluating a doctor's productivity?

The accuracy of diagnoses and quality of treatment

The number of patients seen per day

The amount of time spent with each patient

The cost of medical equipment used

Why do businesses measure productivity?

To see if business objectives are being met

What is one reason productivity is important for businesses?

It provides a competitive advantage

It helps in hiring more employees

It reduces the need for marketing

It increases the number of meetings

How can productivity affect workers?

By increasing their wages and job security

By decreasing their working hours

By eliminating their need for training

What can businesses determine by measuring the efficiency of production methods?

If employees are using time and resources effectively

If employees are happy with their jobs

If the business needs to expand

If the business should change its name

How does increased business productivity affect consumers?

It creates a greater variety of goods and services.

It decreases the variety of goods and services.

It increases prices for consumers.

It leads to higher manufacturing costs.

What is the result of higher productivity for society?

More products at competitive prices

Which two types of productivity are mentioned?

Worker productivity and business productivity

Consumer productivity and economic productivity

Social productivity and environmental productivity

Financial productivity and market productivity

Why is productivity important for businesses?

It helps in profits and survival of organizations

It increases the number of employees

It reduces the need for resources

It decreases the quality of products

How does productivity benefit society?

By increasing the standard of living

By increasing the cost of goods

By decreasing the quality of life

Why is having access to the right tools and equipment important for productivity?

It helps employees complete tasks efficiently

It allows employees to work from home

It increases the number of products offered

It reduces the need for communication

What is a potential downside of offering too many different products?

It can cause businesses to be less productive

It simplifies the production process

It can lead to increased productivity

It reduces the need for standardization

How can poor product/service design affect productivity?

It takes more time and steps to produce

It speeds up the production process

It requires fewer steps to produce

It eliminates the need for communication

What can happen if there is a lack of communication in a business?

Mistakes that hinder productivity occur

Employees become more efficient

What is one impact of poor planning on productivity?

Increases employee satisfaction

What is specialization in the context of business productivity?

Making the best use of resources

Increasing the number of products

Decreasing the quality of goods

What is the role of division of labor in productivity?

Divides a large job into smaller tasks

Increases the complexity of tasks

Eliminates the need for specialization

What is one benefit of increased capital investment for businesses?

Improves productivity with better tools

Decreases the need for new technology

Reduces the number of employees

Limits the expansion of workspace

What is mass production primarily used for in businesses?

To produce a few products in large quantities

To produce a wide variety of products in small quantities

To reduce the number of employees needed

To increase the cost of production

Why is good communication essential in a business setting?

It helps employees understand their own role in reaching company goals

It allows employees to work independently without guidance

It reduces the need for training and education

It ensures that employees do not need to understand customer needs

What is the benefit of participative decision-making in businesses?

It allows workers to make suggestions to improve the organization

It decreases employee involvement in decision-making

It reduces the need for communication

It limits feedback on business issues

How can research and development increase productivity?

By simplifying existing products

By reducing the number of products developed

By slowing down the production process

By eliminating the need for government regulations

What role does motivation play in improving productivity?

It encourages employees to perform well

It discourages employees from setting high standards

It only benefits employees who need constant praise

It reduces the need for financial rewards

What are five factors that can hinder business productivity?

Lack of standardization, poor planning, unclear goals, unsafe working conditions, personality conflicts

Increased capital investment, mass production, training and education, motivation, quality of work life

Fair salaries and wages, competitive benefits, safe working conditions, participative decision-making, communication

Specialization, division of labor, government regulations, research and development, communication

Explain five ways to improve productivity.

Specialization, increased capital investment, research and development, training and education, communication

Lack of tools or equipment, poor product/service design, lack of communication, poor planning, personality conflicts

Unsafe working conditions, unclear goals, lack of standardization, too many different products, poor planning

Fair salaries and wages, competitive benefits, safe working conditions, participative decision-making, communication

What is the definition of business productivity?

The amount of goods or services produced by a business from a set amount of resources

The amount of money invested in goods and other property

The edge achieved by businesses that offer something better than their competitors

Dividing a large job into units or tasks

What does capital investment refer to?

The amount of money the business has invested in its goods and other property

The amount of goods or services produced

The edge achieved by businesses that offer something better than their competitors

Dividing a large job into units or tasks

What is competitive advantage?

The edge achieved by businesses that offer something better than their competitors

The amount of goods or services produced by a business

The amount of money invested in goods and other property

Dividing a large job into units or tasks

What is the definition of division of labor?

Dividing a large job into units, or job tasks, and assigning an individual to do each of the tasks

Accomplishing a task with a minimum expenditure of time and effort

The final market value of the total outputs of all goods and services

The average productivity of individual workers

What does efficiency mean in a business context?

Accomplishing a task with a minimum expenditure of time and effort

The final market value of the total outputs of all goods and services

The average productivity of individual workers

A rise in prices that may occur when demand exceeds supply

What is Gross Domestic Product (GDP)?

The final market value of the total outputs of all goods and services produced within a country’s geographic boundaries during a year’s time

The average productivity of individual workers

A rise in prices that may occur when demand exceeds supply