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4 years ago

Efficiency is:

Business

1 answer:

sattari [20]4 years ago

6 0

Answer:

d. defined as the time it takes to produce a product.

Explanation:

There are two concepts i.e Efficiency and effectiveness

Efficiency: In this, the work or task is performed with minimum time, effort and with available resources or we can say in the best possible manner. It deals with the techniques, not the output that will be produced after applying the techniques

Effectiveness: In this, the business organization aims to achieve its goals and objectives. It gives the end result of a particular task.

So, the correct option is d.

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When filling out paperwork after you've been hired, you must have a:

lina2011 [118]

i feel either c or d but d is probably wrong because they would have asked you that at the interview and c could be right because they need your social security for taxes so C

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3 years ago

Read 2 more answers

When an economy is temporarily operating at an output that is beyond its full-employment rate it means that

MrMuchimi

It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.

Explanation:

An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.

When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.

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3 years ago

Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc

Agata [3.3K]

Answer:

Gain and loss accounts

Explanation:

Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.

Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.

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3 years ago

On December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudou

Naddika [18.5K]

Answer:

The correct answer is B. (3,375) = NA + (3,375) NA − 3,375 = (3,375) NA.

Explanation:

The question asks for the effect of the adjusting entry on December 31, Year 1, that is, the creation of the 3% allowance for uncollectible debts.

Allowance for bad debts = 3% x $112,500 = $3,375

Its effect is as follows.

Assets: Since accounts receivable (an asset) is reduced, assets are reduced by $3,375.

Liabilities: No effect.

Equity: As Equity = Assets - Liabilities, the net effect is to reduce the equity by $3,375.

Revenue: No effect.

Expenses: Sales worth $3,375 is written off as an expense. Hence, total expenses increase by $3,375.

Net increase: As revenue remains unchanged while expenses increase by $3,375, the net increase is a negative of $3,375.

Cash flow: No effect, because there is no exchange of cash since the amount of $3,375 was never received by Loudoun Corporation.

These entries correspond to option B. which is thus the correct answer.

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3 years ago

Consider the case of long-distance telephone service. In country X, there are 20 providers of long-distance telephone service in

Furkat [3]

Answer:

Country X will have higher growth potential than country Y.

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3 years ago