____________Is a Measure of Performance That Indicates How Many Inputs

question 106

Multiple Choice

____________is a measure of performance that indicates how many inputs it takes to produce or create an output.

• A) Reliability
• B) Performance accountability
• C) Productivity
• D) TQM
• E) Effectiveness

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Definitions:

Break-even Point

The volume of production or sales at which total revenues equal total costs, resulting in neither profit nor loss.

Variable Cost

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the amount by which sales can drop before reaching a loss.

Break-even Point

The point at which total cost and total revenue are equal, resulting in neither profit nor loss.