Efficiency refers to the ability of an organization to minimize the use of resources to achieve its goals. It is closely related to productivity, but efficiency specifically focuses on minimizing waste and maximizing output with the resources available. Option A is more closely related to effectiveness, Option B refers to a specific measurement, Option D is about benchmarking, and Option E is incorrect as Option C is the correct answer.

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Efficiency Is

Question 45

Multiple Choice

Efficiency is

A) the organization's ability to complete or reach goals.
B) a specific measure, typically used in the production-operations-manufacturing area, of how many inputs it took to produce outputs.
C) the ability of the organization to minimize the use of resources in achieving organizational goals.
D) the search for the best practices from other leading organizations.
E) None of the answer choices is correct.

Correct Answer: