Question

Productivity refers to

A. ratio of an organization's inputs to its outputs
B. ratio of an organization's outputs to its inputs
C. ratio of an organization's labour costs to its outputs
D. ratio of an organization's labour costs to its revenue
E. ratio of an organization's outputs to its labour costs

Answer 1

Productivity refers to the ratio of an organization's outputs to its inputs. It measures how efficiently an organization can convert its inputs into outputs.

Step-by-step explanation:

Productivity refers to the ratio of an organization's outputs to its inputs. It measures how efficiently an organization can convert its inputs into outputs. For example, if a company can produce 100 units of a product using 10 units of input, its productivity would be 10 units per input.