At Times,to Be Efficient in Management Means Not Using Resources

question 26

True/False

At times,to be efficient in management means not using resources in the most cost-effective way.

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Definitions:

Asset Data

Refers to the collection of information related to a company's assets, including physical assets and financial assets.

Allocation Bases

Criteria or bases used to distribute costs among different departments, products, or activities in a fair and efficient manner.

Salaries

Regular payments made by an employer to an employee, usually on a monthly or biweekly basis, in exchange for work performed.

Administration Expenses

Expenses related to the general operation of a business that are not directly tied to the production or sale of goods or services, such as office supplies and salaries of administrative personnel.