The Efficiency of an Organization with Reference to the Contribution

question 16

Multiple Choice

The efficiency of an organization with reference to the contribution of an individual input is known as (the) ________ productivity.

• A)total factor
• B)cumulative
• C)partial
• D)unit

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Definitions:

Net Income

The end profit of a company once every expense, tax, and cost has been taken out of its total income.

Business Entity Assumption

A fundamental accounting principle that treats the transactions of a business separately from those of its owners or other businesses.

Accounting Information

Data generated from the accounting processes of a company, including financial statements and records that inform stakeholders about its financial performance.

Business Entities

Legal structures that are allowed to engage in business, such as corporations, partnerships, and sole proprietorships.