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
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When general business conditions change it's called select one: a. dynamic risk b. investor risk c. capital risk d. economic risk?
Answers (1)
The retained earnings statement shows all of the following except the amount of dividends paid during the period. the changes in retained earnings during the period. the amount of expenses incurred during the period.
Answers (1)
The slope of the budget line is: negative, since to purchase more of one good means giving up some of the other good. positive, since income and prices are positively related. zero, since both prices and income are assumed to be constant.
Answers (1)
A fiscal policy that is designed to slow the rate of economic growth will, ceteris paribus: increase aggregate demand. increase the rate of inflation. decrease long-run aggregate supply. decrease aggregate demand.
Answers (1)
The following information pertains to Company A's Year 1 inventory activities: Date Transaction Number of Units Purchase price per unit Sale price per unit January 1 Beginning balance 90 $40 April 11 Sale 50 $70 May 15 Purchase 160 $65 July 25 Sale
Answers (1)
New Questions in Business
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share.
Answers (1)
Which of the following is an example of how the principle of beneficence can be applied to a study employing human subjects? Ensuring that the selection of subjects includes people from all segments of the population.
Answers (1)
Match the following definitions with the correct term 1. Delocalization of food production and consumption connections 2. The process of learning culturally specific preferences passed from generation to generation 3.
Answers (1)
Adobe Systems Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2013.
Answers (1)
A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month.
Answers (1)