Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Efficiency is increased when for the same benefit or outputs ______.

Options:

fewer resources are used and less costs are incurred.

fewer resources are used and more costs are incurred.

More resources are used and less costs are incurred.

more resources are used and more costs are incurred.

Correct Answer:

fewer resources are used and less costs are incurred.

Explanation:

The correct answer is Option (1) → fewer resources are used and less costs are incurred.

  • Efficiency means doing a task in a way that minimizes resource usage and costs while achieving the same output.

  • So, when the same benefit/output is obtained with fewer resources and lower cost, efficiency increases.