The Simplest Measure of Efficiency Is

question 4

Multiple Choice

The simplest measure of efficiency is:

• A) the amount of money the company has to work with in the short term.
• B) the ratio of revenues divided by invested capital.
• C) the net profit expressed as a percentage of sales.
• D) the total costs of producing products.
• E) the quantity of inputs that it takes to produce a given output.

---

Definitions:

Pavlov's Experiment

A landmark study in behavioral psychology that demonstrated how dogs could be conditioned to salivate at the sound of a bell, associating it with food.

Closed Geometric Figures

Shapes whose edges are completely connected, enclosing a space.

Reinforcers

Any stimuli, objects, or events that increase the likelihood of a behavior being repeated when they are applied.

Unpleasant Stimuli

External or internal factors that are perceivable and can cause discomfort or negativity.