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Definition of Informational efficiency
The speed and accuracy with which prices reflect new information.
Reflects the relative amount of wealth wasted in making transactions. An efficient
Reflects the amount of wasted energy.
a measure of the degree to which tasks were performed
The ability to produce the things most wanted at the least cost.
Wage that maximizes profits.
Related: pricing efficiency.
the number of hours actually worked minus the standard hours allowed for the production
The difference between the amount of time that was budgeted
a ratio resulting from dividing the actual production time by total lead time;
The degree to which the prices of assets reflect the available marketplace
the difference between total budgeted overhead at actual hours and total budgeted
Also called external efficiency, a market characteristic where prices at all times fully
A form of pricing efficiency where the price of the security fully reflects all
Market prices reflect all publicly available information.
Pricing efficiency, where the price of a, security reflects all information, whether or
Market prices rapidly reflect all information that could in principle be used to determine true value.
variable overhead efficiency variance
the difference between budgeted variable overhead based on actual input activity and variable overhead applied to production
Weak form efficiency
A form of pricing efficiency where the price of the security reflects the past price and
Market prices rapidly reflect all information contained in the history of past prices.
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