Firms Are Concerned with "Effectiveness of Effort

question 178

Multiple Choice

Firms are concerned with "effectiveness of effort." They examine how much output they receive from every unit of input,described simply as

• A) efficacy.
• B) productivity.
• C) proactivity.
• D) efficiency wages.
• E) human capital.

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Definitions:

Handle Any Situation

The capability or readiness to manage or deal with all possible occurrences or circumstances effectively.

Best Business Attire

The most appropriate and professional clothing selected for business environments or events.

Comfortable With Equipment

The state of being at ease and proficient in using specific tools or machinery.

Controls

In management, controls refer to the processes and systems put in place to monitor performance and ensure objectives are met.