Obtaining the Highest Possible Return with the Minimum Use of Resources

question 49

Multiple Choice

Obtaining the highest possible return with the minimum use of resources committed is the basic definition of

• A)effectiveness.
• B)efficiency.
• C)effectiveness and efficiency.
• D)none of the above.

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Definitions:

Ratio Scales

A type of measurement scale that has a true zero point and equal intervals, allowing for the comparison of absolute magnitudes of the numbers.

Absolute Zero

The theoretical temperature at which a system reaches its lowest possible energy state, equivalent to -273.15°C or 0 Kelvin.

Interval Scale

A type of measurement scale that allows for the ranking of items based on quantifiable intervals or differences between them, without a true zero point.

Celsius

A scale of temperature in which water freezes at 0 degrees and boils at 100 degrees under standard conditions.