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16 February, 18:36

What is efficiency?

A using resources in such a way as to maximize the production of goods and services

B replacing old ways of producing goods and services with new tools and methods

C finding the most expensive, time-consuming way to produce a good or service

D using the maximum number of resources to produce goods and services

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Answers (2)
  1. 16 February, 18:42
    0
    Efficiency - achieving maximum productivity with minimum wasted effort or expense.

    I believe the answer that best matches this definition is A.
  2. 16 February, 18:54
    0
    The correct answer option is A. using resources in such a way as to maximize the production of goods and services.

    Explanation:

    The term efficiency is derived from the term 'efficient' which means, in the context of a machine or a system, achieving the maximum productivity with minimum expense or effort.

    So accordingly, from the given answer options, A. using resources in such a way as to maximize the production of goods and services describes efficiency the best.
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