The Relative Amount of Inputs Used to Achieve a Given

question 58

Multiple Choice

The relative amount of inputs used to achieve a given output level is known as

• A)efficiency.
• B)effectiveness.
• C)continuous improvement.
• D)All of these answers are correct.

---

Definitions:

Feedback Control

A system or process that regulates itself by monitoring its own output and feeding back information to make adjustments.

Internal Control

Mechanisms or procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Hot Stove Rule

A principle in management and discipline that suggests consequences should be immediate, consistent, impersonal, and close to the action of misconduct, akin to touching a hot stove.