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Question
Efficiency is concerned with ______.
Options
Cooperation
Completion of task
Utilisation of minimum resources
Right man at right job
MCQ
Fill in the Blanks
Solution
Efficiency is concerned with utilisation of minimum resources.
Explanation:
Efficiency is concerned with completing a task with the least amount of resources (i.e., inputs) while gaining greater rewards (i.e., the outputs). When fewer (minimum) resources are used and less expenses are spent for the same benefit or outputs, efficiency is increased.
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