Efficiency Definition
Efficiency Definition:
Getting the most output from the least amount of inputs; referred to as “doing things right,”.
Other Related Accounting Articles:
- Effectiveness Definition
- Engineering Approach Definition
- Direct Labor Efficiency Variance
- Manufacturing Cycle Efficiency (MCE) Definition
- Long Run Average Total Cost
- Labor Efficiency Variance Definition
- Consumer Staples
- Standard Quantity Allowed Definition
- Net National Product
- Consumer Durables
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