The level of used input to achieve a determined level of output is termed as ____________?
Correct answer: A. efficiency
- A. efficiency
- B. effectiveness
- C. growth evaluation
- D. performance evaluationAccounting & Auditing
Explanation
Efficiency measures how much input was used to achieve a specified output, usually by comparing actual input with the standard input allowed. Effectiveness instead concerns whether the desired result was achieved.
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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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More Cost Accounting questions
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