Question

Which of the following statements is true of efficiency?

a. Efficiency alone is not enough to ensure an organization's success.
b. Efficiency involves accomplishing tasks that help fulfill organizational objectives.
c. Efficiency involves getting work done with maximum effort, irrespective of cost.
d. Efficiency of a team is not dependent on the team composition.

Answer 1

Efficiency in business refers to accomplishing tasks that help fulfill organizational objectives with the least amount of input resources.

Step-by-step explanation:

In the context of business, the statement that is true of efficiency is b. Efficiency involves accomplishing tasks that help fulfill organizational objectives.

Efficiency in business refers to the ability to achieve desired results with the least amount of input resources, such as time, money, and effort. It's about maximizing productivity and minimizing waste.

For example, an efficient manufacturing process would focus on producing goods in a timely manner, with minimal defects and utilizing resources effectively to meet customer demands and organizational goals.