Which of the Following Activity Performance Measures Is Concerned with Doing

question 64

Multiple Choice

Which of the following activity performance measures is concerned with doing the activity right the first time it is performed?

• A)time
• B)efficiency
• C)quality
• D)velocity

---

Definitions:

Administrative Costs

Expenses related to the general operation of a business, such as office supplies and salaries of non-sales personnel.

Labor Cost

Refers to the total expense incurred by employers for the compensation of their workforce, including wages, benefits, and taxes.

Materials Cost

The total expense to an entity for all materials used in the production of a product or service.

Break-even Chart

A graphical representation used in financial analysis to show the point at which total costs and total revenue are exactly equal; thus, there is no loss or gain.