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

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Question

______ refers to doing the task correctly and with minimum cost. 

Options

  • Effectiveness

  • Coordination

  • Process

  • Efficiency

MCQ
Fill in the Blanks

Solution

Efficiency refers to doing the task correctly and with minimum cost. 

Explanation:

Efficiency is the ability to do a task accurately while using the least amount of money, time, or resources possible. Its main goals are resource optimization and waste reduction. 

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