Increasing Efficiency Means

question 51

Multiple Choice

Increasing efficiency means

• A)shorter production times.
• B)higher speed processes at the cost of more resources and lower quality.
• C)minimizing the cost of production.
• D)generating better quality products with less resources.
• E)generating more output with less input at higher speeds.

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Definitions:

Assets

Economic resources controlled or owned by a business or individual from which future economic benefits are expected to flow.

Statement of Cash Flows

A fiscal report that demonstrates the consequences of shifts in balance sheet accounts and income on cash and cash equivalents, organizing the analysis into operations related to investing, financing, and operating activities.

Investing Transactions

Financial activities related to the purchase and sale of long-term assets or investments.

Financing Transactions

Activities that result in changes to the size and composition of the equity and borrowings of an entity.