Cost Reduction and Avoidance, Error Reduction, and Increased Flexibility Are

question 36

Multiple Choice

Cost reduction and avoidance, error reduction, and increased flexibility are examples of:

• A) intangible benefits.
• B) qualitative benefits.
• C) tangible benefits.
• D) legal and contractual benefits.
• E) profitable benefits.

---

Definitions:

Income Ratios

Metrics used to evaluate a company's ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period.

Bonus

Additional compensation given to employees as an incentive or reward beyond their regular salary.

Capital Balances

The amount of money that the owners of a business have invested in it, typically represented in the equity section of the balance sheet.

Income and Losses

Represents the financial results of a company's operations, with income meaning the revenues exceeding expenses and losses referring to expenses exceeding revenues.