Final answer:
Efficiency in a business or organizational context means effectively using resources to achieve set goals, not just achieving the goals. In simple machines, efficiency is always under 100% due to energy lost as heat from friction. Economic and bureaucratic efficiency aim for maximum output with minimal resource usage.
Step-by-step explanation:
False, efficiency does not solely mean achieving the organizational goals that have been set. Efficiency refers to the measure of how effectively resources are used to achieve these goals. In business terms, this means utilizing the least amount of resources (such as time, money, and effort) to produce the maximum output.
In terms of simple machines, the statement that the efficiency of a simple machine is always less than 100 percent is true. This is because some amount of the input work is inevitably lost as heat due to friction.
The concept of efficiency also extends beyond physical machinery. For example, economic efficiency is about ensuring that the economy uses its resources to produce the goods and services most in demand in the most organized and maximized way. Similarly, in bureaucracies, efficiency is often an intended positive aspect, leading to increased productivity.