___________ Is an Efficiency Metric

question 6

Multiple Choice

___________ is an efficiency metric.

• A) Customer satisfaction
• B) Order entry time
• C) Product quality
• D) Strategic value

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Definitions:

Rent Expense

The cost incurred for using property or equipment under a lease agreement.

Prepaid Rent

Payments made in advance for rent, which is recorded as an asset initially and then expensed over the period the payment covers.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Accrual

A method in accounting that recognizes financial events by matching revenues with expenses at the time the transaction occurs, not when payment is made or received.