Which of the Following Helps to Achieve Efficiency in Production

question 51

Multiple Choice

Which of the following helps to achieve efficiency in production?

• A)Altruistic production and consumption behavior
• B)Sufficient information to measure total social costs and benefits
• C)Additional capital per worker
• D)A rigid monetary and fiscal policy

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Definitions:

Resource Limitations

Constraints on the availability or access to resources, such as time, money, materials, and labor, that can affect the execution of plans or projects.

Change Management

The approach to transitioning individuals, teams, and organizations to a desired future state, managing the process of change effectively.

Developing New Competencies

The process of acquiring and mastering new skills or capabilities to adapt to changes or improve performance.

Sustaining Momentum

The ongoing effort to maintain progress or activity towards achieving a goal despite challenges.