Efficiency means:
A) Producing the desired result
B) Producing goods using the least amount of resources
C) The amount of output you generate
D) The buying and selling of goods using the least amount of resources

Question

Quizplus · Accepted Answer

Efficiency refers to producing goods using the least amount of resources. While choices A, C, and D mention some aspect of output or desired result, they do not fully capture the concept of efficiency as it relates to resource usage.

Efficiency Means