Answer:
D. Primary question
Answer:
d. the maximization of output from available resources.
Explanation:
Efficiency is a situation where every resource is used in an optimal way to give the best possible result and eliminate waste. Efficient production is one with the lowest costs. Economic efficiency is, therefore, the maximization of scarce resources to achieve the most economic benefit or output to consumers.
Efficiency is a relationship between inputs and output. It involves around how to use less inputs to get more value in the output. Economic efficiency focuses on the value obtained rather than quantities. It will include efficient production, efficient distribution, and efficient consumption of goods and services.
Answer:
The monetary unit principle states that "A stable currency is going to be the unit of record".
Explanation:
- One of the important generally accepted accounting principles is the Monetary unit principle.
- This principle states that record those business dealings that can be conveyed in terms of a currency.
- This means anything that cannot be quantified should not be recorded a businesses transactions. The non-quantifiable items include customer service, motivation, management skills, etc.
- Over time, money has been used as a stable form of currency in accounting.
Answer:
Benjamin put together a ad hoc committee
Explanation:
Answer:
Structure team discussions to focus on a smaller set of key issues.
Explanation:
The best way to get outcome from the team is to set structure team discussions so they can focus on key issues and any ambiguity or issues can be resolved with an outcome as a team.
