________ Measures the Relationship Between Actual Inputs Used and Actual

question 62

Multiple Choice

________ measures the relationship between actual inputs used and actual outputs achieved.

• A) Strategy map
• B) Planning variance
• C) Productivity
• D) Discretionary costs

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Definitions:

Revenues

The total income generated by a company from its business activities, such as the sale of goods or services, before any expenses are subtracted.

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use, reducing the equity in the business.

Statement of Owner's Equity

A financial statement that shows the changes in the equity of a sole proprietorship over a period of time.

Worksheet

A worksheet in accounting is a document used for planning adjustments and reconciling accounts, aiding in the preparation of financial statements.