_________ Means Doing Those Work Tasks That Help the Organisation

question 121

Multiple Choice

_________ means doing those work tasks that help the organisation reach its goal, whereas _________ is concerned with the means of getting things done.

• A)Vision; planning
• B)Efficiency; mission
• C)Effectiveness; efficiency
• D)Efficiency; effectiveness

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Definitions:

Music Store

A retail business specializing in the sale of musical instruments, sheet music, recordings, and related accessories.

Specific Identification

An accounting method used to track and assign costs to individual pieces of inventory, useful for unique or high-value items.

Gross Profit

The financial metric indicating the difference between revenue and the cost of goods sold before accounting for other expenses.

FIFO Method

"First In, First Out," an inventory valuation method where goods first received are the first to be sold, assuming costs of earliest goods are those expensed first.