The term that refers to the ratio of how many hours of labor it takes to produce a product is A. Productivity.
The term that refers to the ratio of how many hours of labor it takes to produce a product is called productivity. To find the answer to this question, you could first identify keywords in the question, such as "ratio," "hours of labor," "produce a product," and "company's efficiency." Then, you can analyze each answer option to see which one aligns with these keywords. In this case, option A, "Productivity," matches all the keywords and accurately describes the concept of measuring the efficiency of a company based on labor hours. Therefore, the correct answer is A.
