________ 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:

Institute Of Management Accountants

A professional organization focused on advancing the management accounting profession through research, education, and certification programs.

Ethical Professional Practice

The set of principles and standards that guide the behavior and decision-making of professionals to ensure integrity, fairness, and respect.

Period Costs

Expenses that are not directly tied to the production of goods and are instead expensed in the period they are incurred.

Manufacture Products

The process of converting raw materials or components into finished goods through the use of labor, machinery, and equipment, typically within an industrial setting.