In Service Firms, Improvement in Long Term Profitability Is Best

question 71

Multiple Choice

In service firms, improvement in long term profitability is best measured by all the following except:

• A)Staff utilization.
• B)Net revenues.
• C)Collections of customer accounts.
• D)Materials usage.

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Definitions:

Specific Time

Denotes a precise moment or period that is identified for the occurrence of an event or action.

Non-Recourse

Pertaining to a loan or obligation where the lender's recovery, in the event of default, is limited to the collateral securing the loan, with no further claim on the borrower’s assets.

Money Orders

A payment order for a pre-specified amount of money, similar to a check, that is widely used for safe transfers of funds.

Promissory Notes

Written promises to pay a specified sum of money to a named party, under specified conditions.