CAF-5 · Chapter 4 · Question 3 of 10
Which of the following best distinguishes "Labour Productivity" from "Labour Efficiency"?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Productivity focuses on the quantity or volume of output produced, while efficiency focuses on the utilization of resources within a given time frame.
Explanation
According to the detailed differentiation in the text, productivity emphasizes the quantity/volume of output produced in relation to labour input, whereas efficiency measures how effectively/efficiently workers utilize time to generate a given quantity.
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