Final answer:
D) Efficiency as a manager involves using resources effectively to maximize production and service delivery. It is demonstrated by an organization's ability to produce goods on the production possibilities frontier, indicating optimal use of resources.
Step-by-step explanation:
To practice efficiency as a manager means to use the organization's resources cost-effectively and wisely. Efficiency refers to the extent to which time, effort, or cost is well used for the intended task or purpose. Economic efficiency, in particular, is focused on utilizing resources to their fullest to produce the goods and services most in demand, ensuring that an economy is organized and production is maximized.
Examples of efficiency in a business context can be seen on a production possibilities frontier, where all choices that lie on the frontier demonstrate productive efficiency. This indicates that there is no way to increase the quantity of one product without decreasing the quantity of another, signifying that resources are being used in the most effective manner possible. Moreover, efficiency in bureaucracies can lead to increased productivity, which is a desired outcome in any organizational setting.