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Which of the following is not true of productivity measures?

1) Productivity is mainly used for manufacturing and not used for services
2) Productivity measures can be used to measure the performance of an organization or an entire country
3) Productivity contributes to organizational competitiveness
4) Labour productivity is used in labour wage negotiations.
5) Productivity measures can track performance over time.

User Dave Ward
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1 Answer

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Final answer:

Productivity measures are relevant in both manufacturing and services and play a crucial role in evaluating performance, organizational competitiveness, national economic growth, and labor wage negotiations. Productivity is measured by various means beyond output per hour of work and can track changes over time.

Step-by-step explanation:

The statement that Productivity is mainly used for manufacturing and not used for services (option 1) is not true. Productivity measures are applicable to both manufacturing and service sectors.

In fact, measuring productivity in services can be just as important as in manufacturing, although it might be more challenging due to the intangible nature of service outputs.

Productivity is a vital measure that can be used to assess the performance of an organization, a sector, or an entire country (option 2).

It is often represented as the ratio of output to input and can indeed contribute to organizational competitiveness (option 3) because higher productivity can mean lower costs and/or higher output for the same amount of input.

Labor productivity is frequently a key consideration during labor wage negotiations (option 4), as it can influence the pay workers receive.

Productivity measures can also effectively track performance over time (option 5), allowing businesses and countries to evaluate their long-term economic growth and efficiency improvements.

User AgentRev
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