Labor Productivity: Definition & Equation

Instructions:

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question 1 of 3

What's the best explanation of labor productivity?

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1. Which one of the following is NOT a component that is used in calculating labor productivity?

2. The workers in your company produced $25,000 worth of products this month, spending a total of 1,000 man-hours to do it. What is your company's labor productivity for the month?

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About This Quiz & Worksheet

Many businesses can benefit from understanding their labor productivity. This quiz will test your knowledge of the factors involved in the calculation of the equation for labor productivity.

Quiz & Worksheet Goals

You'll be expected to answer questions about:

  • Definition of labor productivity
  • Components in calculating labor productivity
  • Problems involving labor productivity

Skills Practiced

  • Interpreting information - verify you can read information regarding how to calculate labor productivity and interpret it correctly
  • Knowledge application - use your knowledge to answer a question about what labor productivity is
  • Problem solving - use acquired knowledge to solve labor productivity problems

Additional Learning

To learn more about who might need to be let go or receive a pay raise, review the corresponding lesson called Labor Productivity: Definition & Equation. This lesson will help you:

  • Identify what makes a person productive
  • Describe how an economy can be productive
  • Explain how the labor productivity equation can be applied
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