The relative amount of inputs used to achieve a given output level is known as
A)efficiency.
B)effectiveness.
C)continuous improvement.
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

Efficiency is a measure of the amount of resources utilized to produce a given output level. It is commonly used to evaluate the performance of a production process, and is an important factor in determining productivity and profitability. Effectiveness, on the other hand, refers to the extent to which a process achieves its intended goals, and continuous improvement is a systematic approach to enhancing performance over time. While all of these answers are important concepts in business, the most appropriate choice for the given question is efficiency.

The Relative Amount of Inputs Used to Achieve a Given