_____________ Is the Means of Evaluating How Effectively and Efficiently

question 93

Multiple Choice

_____________ is the means of evaluating how effectively and efficiently managers utilize resources to achieve objectives.

• A)financial analysis
• B)performance
• C)resource allocation
• D)meeting deadlines

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Definitions:

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to allocate manufacturing overhead to individual jobs.

Machine-Hours

A unit of measurement for production capacity, indicating the total number of hours that machinery is operational during a given period.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs to production or manufacturing.

Cost of Goods

The total direct costs attributable to the production of goods sold by a company.