The simplest measure of efficiency is:
A) the amount of money the company has to work with in the short term.
B) the ratio of revenues divided by invested capital.
C) the net profit expressed as a percentage of sales.
D) the total costs of producing products.
E) the quantity of inputs that it takes to produce a given output.

Question

Quizplus · Accepted Answer

Efficiency is often measured by the quantity of inputs required to produce a given output, indicating how well resources are utilized.

The Simplest Measure of Efficiency Is