The degree which predetermines target or income achieved, can be grouped under __________?
Correct answer: D. effectiveness
- A. growth evaluation
- B. performance evaluation
- C. efficiency
- D. effectiveness
Explanation
Effectiveness measures the extent to which predetermined targets or objectives are achieved, including an income target. Efficiency instead focuses on the resources or inputs used to achieve the result.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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