The Amount of Outputs Relative to Inputs in the Organization's

question 159

Multiple Choice

The amount of outputs relative to inputs in the organization's transformation process is referred to as:

• A)organizational efficiency
• B)organizational effectiveness
• C)organizational deficiency
• D)transformational quotient
• E)organizational footprint

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels.

Revenue Variances

The difference between actual revenue and budgeted or expected revenue, analyzed to understand and manage financial performance.

Spending Variances

Spending variances are the differences between the actual amount spent and the budgeted or planned amount, often analyzed to control and manage expenses better.

Activity Variance

The difference between the budgeted cost for an activity level and the actual cost incurred, indicating deviations from planned performance.