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Financial Terms | |
Efficiency Wage |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of Efficiency WageEfficiency Wagewage that maximizes profits.
Related Terms:Benefit Wage Ratio MethodThe proportion of total taxable wages for laid off Capital market efficiencyReflects the relative amount of wealth wasted in making transactions. An efficient EfficiencyReflects the amount of wasted energy. efficiencya measure of the degree to which tasks were performed EfficiencyThe ability to produce the things most wanted at the least cost. External efficiencyRelated: pricing efficiency. Informational efficiencyThe speed and accuracy with which prices reflect new information. ![]() labor efficiency variancethe number of hours actually worked minus the standard hours allowed for the production Labor efficiency varianceThe difference between the amount of time that was budgeted manufacturing cycle efficiency (MCE)a ratio resulting from dividing the actual production time by total lead time; Market EfficiencySee efficiency. Marketplace price efficiencyThe degree to which the prices of assets reflect the available marketplace Minimum WageAn hourly wage rate set by the federal government below overhead efficiency variancethe difference between total budgeted overhead at actual hours and total budgeted Pricing efficiencyAlso called external efficiency, a market characteristic where prices at all times fully Real Wagewage expressed in base-year dollars, calculated by dividing the money wage by a price index. Semi-strong form efficiencyA form of pricing efficiency where the price of the security fully reflects all semi-strong-form efficiencyMarket prices reflect all publicly available information. Strong-form efficiencyPricing efficiency, where the price of a, security reflects all information, whether or strong-form efficiencyMarket prices rapidly reflect all information that could in principle be used to determine true value. variable overhead efficiency variancethe difference between budgeted variable overhead based on actual input activity and variable overhead applied to production Wage expenseThe amount paid to employees for services rendered; synonymous with salary expense and payroll expense. Wage FlexibilityEase with which wages adjust in response to excess supply or demand. Wage/Price ControlsAn incomes policy in which wages and prices are constrained by law not to rise by more than a specified percentage. Wage StickinessResistance of wages to change. Weak form efficiencyA form of pricing efficiency where the price of the security reflects the past price and weak-form efficiencyMarket prices rapidly reflect all information contained in the history of past prices. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |