Efficiency is ________.
A) the degree to which a predetermined objective or target is met
B) the difference between an actual input quantity and a budgeted input quantity
C) the continuous process of comparing a firm's performance levels against the best levels of performance in competing companies
D) the relative amount of inputs used to achieve a given output level

Question

Quizplus · Accepted Answer

Efficiency is the ability to do something with the least amount of wasted time, effort, and materials. Therefore, the relative amount of inputs used to achieve a given output level is the best choice.

Efficiency Is ________