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Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?


Definitions:

Operating Cost

Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and payroll.

Technological Efficiency

The optimal use of technology to maximize output or outcomes with minimal waste, effort, or expense.

Workforce

The group of individuals engaged in or available for work, either in a specific region or within a particular industry or organization.

External Monitoring

The process of assessing external conditions or performance metrics to inform decision-making or strategy.

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