The Performance Ratio That Measures the Efficiency of the Organization

question 64

Multiple Choice

The performance ratio that measures the efficiency of the organization in terms of how well the resources of the organization have been used to generate profit is a(n) _____________ ratio.

• A) activity
• B) leverage
• C) profit
• D) liquidity
• E) inventory turnover

---

Definitions:

Success-Stimulus

The principle that success in a certain activity or field encourages continued action and effort in that or similar activities.

Preferences

Individual choices or inclinations towards certain options, actions, or outcomes, often studied in psychology and economics.

Availability of Resources

The extent to which necessary or desired materials, information, support, or capital is accessible for use or consumption.

Achieving Goals

The process or act of identifying and working towards objectives, often involving planning, effort, and a focused approach.