Question

The purpose of ____ control goals is to ensure that all resources used throughout the business process are being employed in the most productive manner.

1) efficiency
2) effectiveness
3) security
4) input

Answer 1

Efficiency control goals aim to maximize resource use in business processes to achieve productive and allocative efficiency.

Step-by-step explanation:

The purpose of efficiency control goals is to ensure that all resources used throughout the business process are being employed most productively. Efficiency focuses on maximizing the use of available resources to produce the goods and services most desired by consumers.

In an economic context, this means achieving both productive efficiency, which entails producing without waste on the production possibility frontier, and allocative efficiency, which involves choosing among the points on the production possibility frontier where goods are produced at the lowest possible average cost and distributed according to consumer preferences.