Maintaining a satisfactory relationship between an entity's resource inputs and its output of product or services is referred to as:
A) planning.
B) efficiency.
C) organising.
D) effectiveness.

Question

Quizplus · Accepted Answer

Efficiency is the measure of how well an entity uses its resources to achieve a desired output. It is about achieving maximum output with minimum input. Therefore, maintaining a satisfactory relationship between an entity's resource inputs and its output of product or services is referred to as efficiency. Planning and organizing are related to the process of decision making, while effectiveness is concerned with achieving the desired outcomes.

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