The Best Indication of the Operational Efficiency of Management Is

question 1

Multiple Choice

The best indication of the operational efficiency of management is

• A) net income.
• B) earnings per share.
• C) earnings before interest and taxes (EBIT).
• D) gross profit.

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Definitions:

Crop Rotation

A farming practice that involves growing different types of crops in the same area across a sequence of seasons to improve soil health and reduce pest and weed pressure.

Fordism

An industrial production system pioneered by Henry Ford, characterized by large-scale manufacturing of standardized products using assembly line technology and specialized labor.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology.

Henry Ford

An American industrialist and founder of the Ford Motor Company, known for revolutionizing the automobile industry with mass-production techniques.