efficiency
efficiency1. (technical efficiency) A measure of the ability of an organization to produce the maximum output of acceptable quality with the minimum of time, effort, and other inputs. One company is said to be more efficient than another if it can produce the same output as the other with less input, irrespective of the price factor. Seeeconomy, efficiency, and effectiveness. efficiency ratio A ratio that measures the efficiency of labour or an activity over a period by dividing the standard hours allowed for the production by the actual hours taken. It is usually expressed as a percentage, using the formula:
- cost unit
- Cotonou Agreement
- counterbid
- counteroffer
- counterparty
- counterparty risk
- countertrading
- countervailing credit
- countervailing duty
- country risk
- coupon
- covenant
- CPM
- CPP accounting
- CPT
- CPTM
- CQ
- craft union
- crash
- creative accounting
- creative destruction
- credit
- credit balance
- credit brokerage
- credit call