Question

In: Accounting

In cost efficiency analysis, whether the speeding fine revenue should be considered as a benefit?

In cost efficiency analysis, whether the speeding fine revenue should be considered as a benefit?

Solutions

Expert Solution

Cost efficiency analysis is a procedure by which the organization can improve in its functioning to achieve the target production in the least possible time, by implementing the various internal controls such as the Idle time, material usage and pricing, and other overheads everything at its best possible outcomes.

Hence all of these is the process by which the cost-efficiency analysis include, by these the revenue of the organization increases and at the same time the internal resources of the organization are also implemented at its optimal usage. It a good achievement for any organization to run the organization at its optimal levels in all the departments.

But the only lacking is in the efficiency should always be in line with the effectiveness also

which means running an organization at an optimal level is of no use when the product had no market demand, hence the fine revenue is a benefit only when the efficiency analysis is in line with the effectiveness to archive the organization goals and be successful. Then only it is a benefit for the organization in increasing the revenue.


Related Solutions

Describe the cost-benefit analysis an individual should use when trying to decide whether or not to...
Describe the cost-benefit analysis an individual should use when trying to decide whether or not to invest in general on-the-job training. Explain why these decisions may differ for women versus men. Graphical analysis is strongly encouraged.
1. Describe the cost-benefit analysis an individual should use when trying to decide whether or not...
1. Describe the cost-benefit analysis an individual should use when trying to decide whether or not to invest in general on-the-job training. Explain why these decisions may differ for women versus men. Graphical analysis is strongly encouraged. 2. Explain general and firm-specific on-the-job training. Would employers be less likely to invest in general on-the-job training if they regard women as more likely to leave? Why or why not? Would employers be less likely to invest in firm-specific training if they...
• Do a cost-benefit analysis of the selected healthcare organization. Explain your analysis of the cost-benefit...
• Do a cost-benefit analysis of the selected healthcare organization. Explain your analysis of the cost-benefit ratio and how it helps an organization. • Explain the impact of the cost-benefit ratio on recruitment and retention strategies of a healthcare organization. • Outline ways to improve the cost-benefit ratio of the selected healthcare organization. • Explain the role of HRM in ensuring the most competitive compensation package for employees. • Describe methods of improving the compensation package of the selected healthcare...
In conducting benefit-cost analyses, do you think nonuse values should be considered? Why or why not?
In conducting benefit-cost analyses, do you think nonuse values should be considered? Why or why not?
Perform a Cost and Benefit Analysis for Samsung. Where would you recommend that the company should...
Perform a Cost and Benefit Analysis for Samsung. Where would you recommend that the company should focus on cost reduction? Justify your recommendations with economics.
Should government use cost-benefit analysis to make decision about policies?why?
Should government use cost-benefit analysis to make decision about policies?why?
Benefit Cost Analysis: You are trying to decide if you should place a solar panel on...
Benefit Cost Analysis: You are trying to decide if you should place a solar panel on your apartment. You can buy the solar for 1000 dollars today, and it will reduce your electricity bill by $300/year from today until you graduate four years from now (NOTE: this means it is a 4-year project). If you face an interest rate of 10%, should you buy the solar panel for your apartment? Time Benefits Costs 0 300 1000 1 300 0 2...
Should decisions about natural resource policy be made based on cost benefit analysis?
Should decisions about natural resource policy be made based on cost benefit analysis?
Explain the following three concepts: Kaldor-Hicks criterion, Pareto efficiency, and Cost- Benefit analysis? Also explain the...
Explain the following three concepts: Kaldor-Hicks criterion, Pareto efficiency, and Cost- Benefit analysis? Also explain the how these three concepts are linked together.
2. Regarding efficiency, how is social cost-benefit analysis similar to a product market where consumer maximize...
2. Regarding efficiency, how is social cost-benefit analysis similar to a product market where consumer maximize welfare by allocating resources and firms maximize profit? Why is social cost-benefit analysis necessary in some contexts?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT