In operations management, _____ refers to completing a task or producing a product at the lowest cost.
A) effectiveness
B) efficiency
C) competency
D) proficiency

Question

Quizplus · Accepted Answer

Efficiency is the concept of being able to complete a task or produce a product with the lowest amount of wasted resources, time, and effort. It is one of the key goals of operations management, as it helps to keep costs low and improve overall productivity.

In Operations Management, _____ Refers to Completing a Task or Producing