35 -Which of the following is a string used to measure efficiency? a)decision efficiency B)individual activity NS)Terms effectiveness D)Competitor activity TO)System activity

Answered: - Which of the following is a string…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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35 -

Which of the following is a string used to measure efficiency?

a)	decision efficiency

B)	individual activity

NS)	Terms effectiveness

D)	Competitor activity

TO)	System activity

Expert Solution

Step 1

Efficiency is estimated by dividing a specialist's real yield rate by the quality yield rate and duplicating the result by 100%. Efficiency proportions incorporate the inventory turnover proportion, resource turnover proportion, and receivables turnover proportion. These proportions measure how proficiently a corporation utilizes its resources to create incomes and its capacity to affect those resources.

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