Which of the Following Is a Measure of Operating Efficiency

question 66

Multiple Choice

Which of the following is a measure of operating efficiency?

• A) Debt to assets ratio
• B) Asset turnover ratio
• C) Return on assets
• D) Return on equity

Comprehend the concept of the chain of command and its importance in organizational structures.

Identify and explain the principles of organisation structure, including unity of command.

Analyze different organizational structures and their characteristics, including their alignment or violation of organizational principles.

Compare and contrast centralized and decentralized decision-making in organizations.

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Definitions:

Process Capability Index

A statistical measure that evaluates a process's ability to produce output within specified limits, indicating the consistency and reliability of the process.

Process Variation

Deviations in business or manufacturing processes that lead to inconsistencies in product quality or performance.

Trade Customs

Practices and guidelines established by conventions between parties in a particular trade or industry.

Cost Accounting

The process of recording, classifying, analyzing, and allocating all costs associated with a process, product, or project.