The Financial Ratio That Indicates How Efficiently the Managers of the Organization

question 76

Multiple Choice

The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organization from the sale of its products or services is the ________ ratio.

• A)debt-to-assets
• B)quick
• C)current
• D)days sales outstanding

Identify and describe various organizational responses to uncertain environments.

Comprehend the purpose and elements of effective planning in organizations.

Recognize the importance and components of a mission statement.

Distinguish between different organizational strategies based on their approach to change and innovation.

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Definitions:

Average Product

The output per unit of a particular input, calculated by dividing total output by the quantity of inputs.

Labor

Human effort, either physical or mental, used in the production of goods and services.

Average Product

The output per unit of input, calculated by dividing the total output by the number of units of the input.

Lawns Mowed

The activity of cutting the grass of a lawn to maintain its appearance and health.