Production Efficiency Means That

question 132

Multiple Choice

Production efficiency means that

• A) scarcity is no longer a problem.
• B) producing more of one good is possible only if the production of some other good is decreased.
• C) as few resources as possible are being used in production.
• D) producing another unit of the good has no opportunity cost.

---

Definitions:

Performance Data

Information and statistics that measure the output, efficiency, or effectiveness of an individual, group, or organization's work.

Retail Store Manager

An individual responsible for overseeing the daily operations of a retail store, including sales, staff management, and inventory control.

Diagnosis Process

A systematic method used to identify and determine the nature and cause of a problem or disease.

Feedback Session

A structured meeting where constructive criticism, praise, and suggestions for improvement are communicated to an individual or team.