Which of the Following Is a Cost-Efficiency Measure

question 56

Multiple Choice

Which of the following is a cost-efficiency measure?

• A)time to process compensation and benefits
• B)ratio of compensation expense to total operating expense
• C)number of training days and number of employees trained
• D)number of interviews per selection

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Definitions:

Formalization

The extent to which an organization uses rules, procedures, and standards to govern its activities and employee behavior.

Incremental Moves

Small, gradual changes or advancements towards a goal, rather than large, dramatic leaps.

Organizational Flexibility

The ability of an organization to adapt to changes, restructure operations, and innovate to meet new challenges.

Complexity

Refers to the state of having multiple interconnected parts, which may make a system or process difficult to understand, predict, or manage.