The Outcome/input Ratio Is the Value of the Inputs You

question 47

True/False

The outcome/input ratio is the value of the inputs you provide divided by the value of the outcomes you receive in the exchange relationship.

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Definitions:

Inventory

Inventory refers to raw materials, work-in-process, and finished goods that are held by a company in anticipation of eventual sale.

Controllable Costs

For a level of management, the costs that can be influenced (increased, decreased, or eliminated) by management at that level.

Management

The process of dealing with or controlling things or people, often within a business or organization.

Manufacturing Margin

The difference between the sales revenue generated from manufactured goods and the cost of goods sold.