________ Means Creating More Output with the Same Inputs or the Same

question 102

Multiple Choice

________ means creating more output with the same inputs or the same output with fewer inputs.

• A) Quality
• B) Efficiency
• C) Sustainability
• D) Effectiveness

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Definitions:

Company Tax Rate

The percentage of profits a company is required to pay to the government as tax.

Business Combination Valuation Entries

Journal entries that record the valuation of assets, liabilities, and contingent liabilities at fair value in a business combination.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset's economic value.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net assets, representing the value of the brand, customer relationships, and other intangible aspects.