Which of the Following Terms Is Used to Measure the Efficiency

question 24

Multiple Choice

Which of the following terms is used to measure the efficiency of production by monitoring and evaluating the actual costs associated with producing goods and services?

• A)Time standards
• B)Variable costs
• C)Utility standards
• D)Output standards
• E)Operating costs

---

Definitions:

Endowment Effect

The finding that items gain in value to the person who owns them.

Self-Enhancement Motive

The inherent desire to improve one’s self-image and to present oneself in a positive light to others.

Self-Enhancement Motive

The drive to maintain or improve one’s self-view or self-esteem, often by focusing on positive feedback and downplaying negatives.

Appraisal Motive

The desire to learn the truth about oneself, including one's traits, abilities, and feelings.