Identify Which of the Following Is Not an Example of "Efficient

question 153

Multiple Choice

Identify which of the following is not an example of "efficient" performance.

• A) Direct material used per unit was less than expected.
• B) Direct labor hours per unit were less than expected.
• C) More outputs were achieved with less inputs than predicted.
• D) More goods were produced and sold than anticipated.

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Definitions:

Foreign Operations

Business activities or entities that a company conducts or owns in countries other than where its main operations are located.

Objectives

The specific, measurable goals that an organization or individual aims to achieve within a certain timeframe.

Functional Currency

The primary currency of the primary economic environment in which an entity operates and carries out its transactions.

Current Rate Method

A method of foreign currency translation where all financial statement items are converted at the current exchange rate.