The reduction in setup time, manufacturing cycle efficiency and average time of manufacturing for key products are the examples of ____________?
Correct answer: B. measures of internal business processes
- A. measures of growth and learning
- B. measures of internal business processes
- C. customer measures
- D. financial measures
Explanation
Setup time, manufacturing cycle efficiency, and manufacturing time measure how effectively the organisation converts inputs into products, so they are internal business process measures. Customer measures focus on outcomes such as satisfaction, delivery, or retention.
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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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