Management Uses the Following as a Measure for Assessing Efficiency

question 114

Multiple Choice

Management uses the following as a measure for assessing efficiency in producing and selling goods and services because it indicates the portion of each dollar of revenue that is profit.

• A)Profit margin percentage.
• B)Return on investment
• C)Investment turnover ratio.
• D)Revenue realization ratio.

---

Definitions:

Points

Specific locations or positions in space, defined by coordinates in a given reference frame, often with no physical size.

Position

The location or arrangement of something in relation to other entities.

Geometric Tolerance

A type of tolerance that defines the form, orientation, location, and runout of a feature on a part.

Permissible Variation

The allowable amount of deviation from a specified dimension, shape, or attribute of a material or component.