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______ means doing the task correctly and with minimum cost. - Business Studies

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Question

______ means doing the task correctly and with minimum cost.

Options

  • Efficiency

  • Effectiveness

  • Management

  • Coordination

MCQ
Fill in the Blanks

Solution

Efficiency means doing the task correctly and with minimum cost.

Explanation:

Efficiency focuses on utilizing resources and completing tasks efficiently and cost-effectively. It differs between effectiveness, prioritizing achieving goals at all costs, and management, preparing and organizing resources.

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2023-2024 (February) Delhi Set - 1
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