Question

The ratio of an organizations outputs such as goods and its inputs such as capital is which of the following:

A) productivity.
B) outsourcing.
C) an internal environmental influence.
D) workforce diversity.
E) the labour market.

Answer 1

The ratio of an organization's outputs to inputs is known as productivity, which measures the efficiency of resource utilization to produce goods and services.

Step-by-step explanation:

The ratio of an organization's outputs, such as goods, to its inputs, such as capital, is known as productivity. Productivity is a measure of how efficiently resources are used to produce goods and services. It's often helpful to visualize this information in a table, where we can compare the productivity of different countries or industries. For instance, we can measure productivity using GDP (the output) per worker (the input). This gives us a straightforward way of understanding how many workers it takes to produce a unit of a product, thereby gauging the efficiency of an organization or economy. Additionally, economies of scale play a role in productivity, suggesting that as a company grows in size, it can often produce goods more efficiently due to cost advantages obtained from increased production levels.