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DEA Is Used to Measure the Relative Efficiency of Two

question 31

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DEA is used to measure the relative efficiency of two (or more)units in different industries,such as a bank and a school.


Definitions:

Breach of Warranty

Failure to meet the terms of a promise or guarantee made about the quality or durability of a product or service.

Auto Insurance

A type of insurance policy that covers vehicles and their drivers against potential financial losses related to accidents, theft, or damage.

Commercial Business

An organization engaged in activities aimed at the sale of goods and services to consumers with the goal of earning profit.

Insurable Interests

A legal requirement indicating that a person must have a legitimate stake in the safety or preservation of an item or life to insure it.

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