If a firm is successful in meeting its output goal for a period,the firm has been
A)efficient.
B)effective.
C)profitable.
D)exercising cost containment measures.

Question

Quizplus · Accepted Answer

Meeting the output goal implies that the firm has accomplished its objective or purpose, which is to produce a certain amount of output. Therefore, the firm has been effective in achieving its goal. However, being efficient, profitable, or exercising cost containment measures are not necessarily implied by meeting the output goal alone.

If a Firm Is Successful in Meeting Its Output Goal