Practice Quiz

Nurse Manager

Category - Finances

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Which of the following best defines productivity?
  1. Productivity is the output per unit of input.
  2. Productivity is the input needed per unit of output.
  3. Productivity is revenue generated per unit of output.
  4. Productivity is the liabilities incurred per unit of input.
Explanation
Answer: A - Simply stated, productivity is the output per unit of input. Some input sources are labor, number of hours spent to produce an outcome, and the costs of supplies and equipment. Some outputs are number of customers and the number of widgets that are manufactured, for example. Productivity is highest when input demands are low and output is high.
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