Question: Global Enterprises has adopted a comprehensive quality assurance program to improve its productivity. The company has provided the following data: Last Year This Year Output

Global Enterprises has adopted a comprehensive quality assurance program to improve its productivity. The company has provided the following data:

Last Year

This Year

Output

11,000 units

11,200 units

Labor Hours

12,000

11,500

Utilities

$8,000

$7,000

Capital

$70,000

$80,000

Labor Cost

$9/hour

$11/hour

  1. Has the company improved its productivity? Why?
  2. Predict Globals multi-factor productivity for the next year indicating suitable assumptions.

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