The delivery of goods by the time it is contracted to be delivered is known as ____________?
Correct answer: D. on-time performance
- A. effective performance
- B. efficient performance
- C. in-time performance
- D. on-time performance
Explanation
On-time performance measures whether goods or services are delivered by the date promised in the contract or order. Effective and efficient performance are broader terms and do not specifically indicate delivery timing.
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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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