Operating at Minimum Cost and Time Is Referred to as ___________

question 42

Multiple Choice

Operating at minimum cost and time is referred to as ___________.

• A)Value added
• B)Efficiency
• C)Effectiveness
• D)Trade-offs
• E)Economies of scale

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Definitions:

Unrealized Loss

A decrease in the value of an investment or asset that has not been sold, thus the loss has not been realized or converted into an actual loss.

Fair Value

The price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.