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Effectiveness Refers to Outputs of Resources Maximized for the Related

question 36

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Effectiveness refers to outputs of resources maximized for the related inputs and inputs minimized for the related outputs.


Definitions:

Net Income

The net income of a company once all costs and taxes are subtracted from the total earnings.

Total Assets Turnover

A financial ratio that measures a company's efficiency in using its assets to generate revenue.

Sales

Revenue generated from the sale of goods or services.

Total Assets

The sum of all current and long-term assets owned by a company, reflected on the balance sheet.

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