If a Company Only Reached 85% of Their Production Goal

question 74

Multiple Choice

If a company only reached 85% of their production goal, the 85% may be called the company's

• A)effectiveness rate.
• B)efficiency rate.
• C)goal achievement rate.
• D)standard production rate.
• E)variance rate.

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Definitions:

Loanable Funds

The market where savers supply funds for loans to borrowers.

Borrowers

Individuals or entities that take funds from a lender with the intention of paying back the borrowed amount plus interest.

Downsloping

A term describing a downward trend or decrease, often used in economics to refer to declining prices or demand curves that slope downwards as price increases.

Nominal Interest

is the stated interest rate of a loan or financial product, not adjusted for inflation, representing the face value of the interest charged or earned.