________ Is a Measure of How Well an Organization's Input

question 3

Multiple Choice

________ is a measure of how well an organization's input resources are used to produce its outputs.

• A)Efficiency
• B)Quality
• C)Reliability
• D)Flexibility
• E)Responsiveness

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Definitions:

Direct Cost

Expenses that can be directly linked to the production of specific goods or services.

Indirect Cost

Costs that are not directly traceable to a specific product or activity, such as overhead, administration, and salaries for management.

Direct Materials

Raw materials that can be directly attributed to the production of specific goods or services and are considered a variable cost.

Factory Overhead

All indirect costs incurred during the manufacturing process, excluding direct materials and direct labor.