Vidyalelo
Management · Q163

Management Accounting

Graduate and Post Graduate · Management · question 163

Q163

Level of used input to achieve a determined level of output is termed as

A.
efficiency
Answer
B.
effectiveness
C.
growth evaluation
D.
performance evaluation

Answer: Option A

Solution

Answer: Option A
Solution:
Level of used input to achieve a determined level of output is termed as efficiency. Efficiency is the (often measurable) ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result.