Which Metric Assesses Whether or Not Some Function or Task

question 19

Multiple Choice

Which metric assesses whether or not some function or task is completed the fastest?

• A) Benchmark
• B) Effectiveness
• C) Efficiency
• D) Fitting metrics

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (standard) variable overhead rate multiplied by the actual activity level.

June

The sixth month of the year in the Gregorian calendar, often associated with the start of summer in the northern hemisphere.

Materials Price Variance

A measure of the difference between the actual cost of materials and the standard cost, multiplied by the actual quantity of materials used.

January

January is the first month of the year in the Gregorian and Julian calendars, characterized by cold weather in the northern hemisphere and warm weather in the southern hemisphere.