Which of the Following Is True of Efficiency

question 10

Multiple Choice

Which of the following is true of efficiency?

• A) It is a measure of the appropriateness of the goals that managers have selected for the organization to pursue.
• B) Organizations are efficient when managers choose appropriate goals and then achieve them.
• C) Lesser the efficiency,higher the organizational performance.
• D) Organizations are efficient when managers minimize the amount of input resources.
• E) Organizations are efficient when managers maximize the amount of time needed to produce a given output of goods.

---

Definitions:

Interest Rate

Borrowers are subject to a charge, defined as a percentage of the principal, for the usage of assets from lenders.

Interest Rate

The proportion, typically expressed as a percentage, that is charged by lenders to borrowers for the use of their money.

Payoff

The return or potential gain from an investment or decision, which can be seen in financial, strategic, or personal contexts.

Revenues

The total incomes that a business receives from its normal business activities, usually from the sale of goods and services to customers.