Question

Unit labor cost is a measure of

a: True/ False productivity: True/ False
b: True/ False profitability: True/ False
c: True/ False sustainability: True/ False
d: True/ False efficacy: True/ False

Answer 1

Unit labor cost is a measure of productivity and profitability in business.

Step-by-step explanation:

Unit labor cost is a measure of productivity and profitability in business.

1. Productivity: Unit labor cost reflects the efficiency and output of labor. If unit labor cost decreases, it signifies that productivity has increased.
2. Profitability: Unit labor cost is also used to evaluate the profitability of a business. If unit labor cost is high, it may indicate that labor expenses are cutting into profits.