Practicing Success
Efficiency is concerned with which of the following? |
Doing the right thing Doing things right Achieving end results None of the above |
Doing things right |
Efficiency means doing the task correctly and with minimum cost. There is a kind of cost-benefit analysis involved and the relationship between inputs and outputs. If by using less resources (i.e., the inputs) more benefits are derived (i.e., the outputs) then efficiency has increased. Efficiency is also increased when for the same benefit or outputs, fewer resources are used and less costs are incurred.. |