Efficiency Means

question 5

Multiple Choice

Efficiency means

• A) equality
• B) maximum net benefits
• C) fairness
• D) equilibrium

---

Definitions:

Production Material

Raw materials and components used in the manufacturing process to create finished goods.

Value/Cost Scale

A measure or evaluation of the worth of a product or service in comparison to its cost, aiding in assessing its profitability or market value.

Criticality Scale

A system of ranking that assesses the importance or risk level of certain processes or components within an operation or system.

General Item

A non-specific term that can refer to any product or piece of merchandise without special requirements or characteristics.