Maintaining a satisfactory relationship between an entity's resource inputs and its outputs of products or services is referred to as:
A) directing.
B) efficiency.
C) controlling.
D) effectiveness.

Question

Quizplus · Accepted Answer

Efficiency is the measure of how well an entity uses its resources to produce goods or services. It aims at producing outputs with minimum inputs, which results in cost savings and increased profitability. Therefore, maintaining a satisfactory relationship between inputs and outputs is referred to as efficiency. Directing involves guiding and supervising employees to achieve organizational goals. Controlling involves monitoring and evaluating performance to ensure that it meets set standards. Effectiveness refers to the degree to which objectives are achieved.

Maintaining a Satisfactory Relationship Between an Entity's Resource Inputs and Its