According to Drucker, All Are Valid Management Statements for Productivity

question 8

Multiple Choice

According to Drucker, all are valid management statements for productivity except __________.

• A) "Efficiency is doing better what is already being done."
• B) "There is nothing so useless as doing efficiently that which should not be done at all."
• C) "Today knowledge has power. It controls access to opportunity and advancement."
• D) all are Drucker's valid statements

Comprehend the role of managerial accounting in providing information for internal decision-making.

Clarify the distinction between direct and indirect costs in relation to a cost object.

Understand the concept of cost behavior, including variable, fixed, and mixed costs.

Recognize how costs are allocated between cost of goods sold and inventory.

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Definitions:

Average Fixed Costs

The total fixed costs of production divided by the number of units produced, representing the fixed cost per unit of output.

Total Costs

encompass all expenses incurred in the production of goods or services, including both fixed and variable costs.

Output Expands

When the production of goods or services increases in response to market demand or other factors.

Fixed Cost

Costs that remain constant regardless of the level of production or sales, such as lease payments and salaries.