Economic Values That Are Measured in Units Per Period of Time

question 52

Multiple Choice

Economic values that are measured in units per period of time are referred to as:

• A)stocks.
• B)insignificant.
• C)unit values.
• D)dollars.
• E)flows.

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Definitions:

Performance Efficiency

The degree to which tasks are executed accurately and economically, maximizing output while minimizing waste.

Performance Effectiveness

A measure of how well an individual, system, or organization achieves its goals and objectives in a quality and timely manner.

Productivity

measures the efficiency of production of goods or services, often quantified as the ratio of output to input.