Question

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

Answer 1

Question Options:

A) economic order quantity

B) partial productivity

C) multifactor productivity

D) internal service quality

Answer: MULTIFACTOR PRODUCTIVITY.

Explanation: Multifactor productivity is also known as total factor productivity can be defined as the elements or influences that determines the output in production from the inputs. Like in this question, the company determined the inputs (wood, metal, fabric, labor hours, capital, and the electricity) required to produced an output (chair).