A Measure of How Efficiently and Effectively a Manager Uses

question 85

True/False

A measure of how efficiently and effectively a manager uses resources to achieve a goal or satisfy customers is known as organizational performance.

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Definitions:

Sold

The past tense indicating that an item, property, or service has been transferred to a buyer in exchange for money or other compensation.

Journal Entry

A record in accounting that represents a transaction where debits and credits are entered, reflecting changes in accounts.

Straight-Line Method

A method of calculating depreciation by evenly allocating the cost of an asset over its useful life.

Semiannual Amortization

The process of periodically reducing the value of a debt or an intangible asset over two times in a year.