If a 21st Century Organization Can Manage Its _______ Better

question 37

Multiple Choice

If a 21st century organization can manage its _______ better than its competitors, it has a much greater chance of being successful-more profitable and productive than its competitors-and of creating a competitive advantage.

• A)equipment
• B)facilities
• C)human resources
• D)consumables
• E)environment

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, payable over a specific period, typically shown on the income statement.

Income Taxes

Taxes levied by a government directly on income, both earned (salaries, wages) and unearned (dividends, interest).

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a certain period of time, indicating the efficiency of inventory management.

Cost Of Goods Sold

The immediate expenses related to manufacturing products sold by a business, which encompass both materials and labor.