Cost Efficiency: Definition & Analysis


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question 1 of 3

What are the two components of cost efficiency?

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1. Comparing the cost of a nutritionist to the number of sick days is an example of what?

2. Which analysis measures things in monetary value?

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About This Quiz & Worksheet

This quiz and worksheet combo helps you gauge your knowledge of cost efficiency and cost efficiency analysis. You will need to know how this analysis is measured and used in order to pass the quiz.

Quiz & Worksheet Goals

This quiz/worksheet combo helps you review:

  • Why companies use cost efficiency analysis
  • Analysis that measures things in monetary value
  • Components of cost efficiency
  • Term used to measure the worth, costs, or benefits of a project

Skills Practiced

  • Information recall - access the knowledge you have gained regarding the use of cost efficiency analysis
  • Reading comprehension - ensure that you draw the most important details from the related lesson on cost efficiency analysis
  • Interpreting information - verify that you can read information regarding components of cost efficiency and interpret it correctly

Additional Learning

If you want to learn more about this topic, check out the lesson titled Cost Efficiency: Definition & Analysis. This lesson will help you:

  • Define cost efficiency
  • Compare and contrast cost benefit analysis and cost effectiveness analysis
  • Determine what cost benefit analysis measures