Efficiency MIS Metrics Focus on the Extent to Which a Firm

question 48

Multiple Choice

Efficiency MIS metrics focus on the extent to which a firm is using its resources in an optimal way,while effectiveness MIS metrics focus on _________.

• A) understanding how successful a firm is at achieving its goals and objectives
• B) analyzing if a firm is doing the right things
• C) setting the right goals and ensuring they are accomplished
• D) all of these choices

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Definitions:

Capital Balances

Amounts reflected in a company's financial records that represent the owner's investment in the business.

Cash Equals

Refers to the value of assets within a company that are in liquid form and can be readily converted to cash.

Share Income

Income earned by shareholders from their investments in a company, often referred to as dividends.

Capital Balances

The amount of money that each partner in a partnership has contributed and retains in the business.