Concept explainers
a.
Introduction: It estimates the hourly worker's output in the business and the economy of the country during a period of time. Labor productivity based on how labor is utilized in a company. Labor productivity based on factors like material, equipment, level of motivation, and training.
To compute: Labor productivity ratio
b.
Introduction: Productivity estimates the effectiveness of the organization's production process. Productivity is a rate of output in a given group. Productivity is a measurement of the amount of product produced in the organization
To analyze: The labor productivity pattern exhibited by the data.
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