In Order to Determine How Efficiently and Effectively Management Is

question 198

Multiple Choice

In order to determine how efficiently and effectively management is using its assets to generate profits, the ___ ratios need to be calculated.

• A) leverage
• B) activity
• C) profitability
• D) liquidity
• E) asset management

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Definitions:

Effective Approach

A method or technique that has been proven to lead to the desired outcome or success in achieving specific goals.

Corrective Action

Steps taken to eliminate the causes of an existing nonconformity, defect, or other undesirable situation to prevent recurrence.

Rules and Standards

Defined as established guidelines and criteria used to manage conduct, processes, and procedures within organizations and industries.

Path-Goal Theory

A leadership theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates.