The Concepts of Outputs and Outcomes Are Not the Same

question 44

Multiple Choice

The concepts of outputs and outcomes are not the same because

• A)Outputs measure how many units of service an activity produced, whereas outcomes measure the results that the activity produced compared with the activity's objectives.
• B)Outputs are quantifiable whereas outcomes are not.
• C)Outcomes are subject to audit whereas outputs are not.
• D)Outputs can be evaluated in relation to inputs, but outcomes cannot be related to either inputs or outputs.

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Definitions:

Predictor

A statistical measure or model used to estimate future trends or outcomes based on historical data.

Shareholder's Equity

The residual interest in the assets of a corporation after deducting its liabilities, often referred to as stockholder's equity or owner's equity.

Share Capital

The funds raised by a company through the sale of its shares, representing the equity stake of its shareholders.

Retained Earnings

The portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders, often used for reinvestment.