Activity Ratios Measure the Effectiveness of the Firm's Management in Using

question 95

True/False

Activity ratios measure the effectiveness of the firm's management in using its various resources to achieve profits.

---

Definitions:

Effective Delegation

The process of assigning responsibility and authority to someone else to complete a clearly defined and agreed upon task while you retain ultimate responsibility for its success.

Performance Timetable

A schedule detailing the expected timelines for completing tasks or achieving milestones in a project or activity.

Formal Structure

The officially recognized structure of roles, duties, and relationships within an organization.

Informal Structure

The unofficial and unstated ways people and groups within an organization interact and organize work, which can contrast with the formal organizational structure.