Some Benefits Can Be Computed Relatively Easily by Calculating the Amount

question 57

Multiple Choice

Some benefits can be computed relatively easily by calculating the amount of labor the new system will save, the reduction in paperwork it will allow, and so on. These gains are called ____ because they represent quantifiable dollar amounts.

• A) automatic gains
• B) first-level gains
• C) transparent benefits
• D) tangible benefits

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Definitions:

Assets

Resources owned or controlled by a business, entity, or individual, which are expected to produce economic value or future benefits.

Total Asset Turnover Ratio

A financial metric that measures the efficiency of a company at using its assets to generate revenue.

Sales Revenue

The income received from selling goods or services over a period of time.