A Measure of Operations Efficiency Generally Divides

question 2

Multiple Choice

A measure of operations efficiency generally divides:

• A)output by input.
• B)standard revenues by standard costs.
• C)sales by cost of goods sold.
• D)sales by investment.

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Definitions:

Liable

Legally responsible for an act or a consequence.

Dissociation

The process or action by which a member of an entity such as a partnership or association formally ends their association with, or participation in, that entity.

Retiring Partner

A partner who leaves a partnership, ending their association with the business.

Discharged

In legal contexts, to release someone from an obligation, duty, or liability.