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

Question

Quizplus · Accepted Answer

The simplest measure of efficiency is the quantity of inputs required to produce a given output, as it directly relates to how effectively resources are being used to generate products or services.

The Simplest Measure of Efficiency Is The