What Does the Value of Efficiency Mean

question 68

Multiple Choice

What does the value of efficiency mean?

• A) To possess a large enough supply of goods and services to meet basic demands
• B) To possess the capacity or resources to act as one wishes
• C) To treat all humans identically, regardless of race, class, gender, age and sexual preference
• D) To be safe from those wishing to interfere with your property rights
• E) To maximize the amount of wealth in society

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Definitions:

Job Enrichment

A management strategy that enhances job satisfaction by adding more meaningful responsibilities, challenges, and autonomy to an employee's role.

Scientific-Management Approach

A theory of management that analyzes and synthesizes workflows with the objective of improving labor productivity and economic efficiency.

Human-Relations Approach

A management theory emphasizing the importance of understanding human behavior, social needs, and group dynamics within the workplace.

Theory X

A management style that assumes employees are inherently lazy and require strict supervision and control.