Maintaining a Satisfactory Relationship Between an Entity's Resource Inputs and Its

question 4

Multiple Choice

Maintaining a satisfactory relationship between an entity's resource inputs and its output of product or services is referred to as:

• A)Planning
• B)Efficiency
• C)Organising
• D)Effectiveness

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Definitions:

Corporate Responsibility

This term refers to the self-imposed obligation of companies to act in a manner that is socially and environmentally beneficial.

Financial Statements

Formal records of the financial activities and position of a business, person, or entity, presenting the financial performance over a specific period.

Sarbanes-Oxley Act

A United States federal law that set new or enhanced standards for all U.S. public company boards, management, and public accounting firms.

Auditing Function

The process of examining and verifying a company's financial statements and records to ensure accuracy and compliance with accounting standards.