Question

The production team of Widget Corp, a furniture manufacturer, has determined the amount of wood, metal, fabric, and labor hours and the electricity required to make one chair. The collective effort of all these resources would help the company determine its _____

A) economic order quantity
B) partial productivity
C) multifactor productivity
D) internal service quality

Answer 1

The answer is multi-factor productivity.

Step-by-step explanation:

Multi-factor productivity (MFP) measures or determines the productivity or efficiency of a production process by comparing it to the the amount of invested multi-factor inputs (labor, materials, energy, capital).

In other words, Multi-factor productivity (MFP) also known as total factor productivity (TFP) is an economic performance determination of the number of goods produced when compared to inputs (labor, materials, energy, capital).