Asked by julia James on Jul 27, 2024
Verified
If a bagel company sold $400,000 worth of bagels and used $150,000 worth of resources, the productivity ratio would be ______.
A) 0.375
B) 2.67
C) 3.33
D) 37.5
Productivity Ratio
A measure of the efficiency of production, often calculated as the ratio of outputs produced to inputs used.
Bagel Company
A business that specializes in the production and sale of bagels, often including various flavors and toppings.
Resources Used
Refers to the various materials, capital, and human resources that are utilized in the production of goods or services.
- Elucidate the notion of productivity and its importance within operations management.
Verified Answer
Learning Objectives
- Elucidate the notion of productivity and its importance within operations management.
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