The Simplest Measure of Efficiency Is The

question 60

Multiple Choice

The simplest measure of efficiency is the:

• A) amount of money the company budgets for work in the short term.
• B) ratio of revenues divided by invested capital.
• C) net profit expressed as a percentage of sales.
• D) total costs of producing products.
• E) quantity of inputs required to produce a given output.

---

Definitions:

Market

An area or arena in which commercial dealings are conducted, including the buying and selling of goods and services.

Segmented Components

Parts or sections of a product designed to be easily separable, often for customization, maintenance, or recycling purposes.

Services

Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and health services).

Decision Trees

A graphical representation used for making decisions, showing various outcomes based on different sequences of decision paths.