GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the ability to do something well or achieve a desired result without wasted energy or effort; the degree to which this ability is used
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causing a result; especially the desired or intended result
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organizations compete around the world; organizations sell products in foreign countries
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companies locally and internationally are required to provide more or better services
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the characteristics of families such as size, growth and financial status
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Detailed explanation-1: -The term efficiency can be defined as the ability to achieve an end goal with little to no waste, effort, or energy. Being efficient means you can achieve your results by putting the resources you have in the best way possible. Put simply, something is efficient if nothing is wasted and all processes are optimized.
Detailed explanation-2: -Efficacy is getting things done. It is the ability to produce a desired amount of the desired effect, or success in achieving a given goal.
Detailed explanation-3: -Authority. Authority is the power to hold people accountable for their actions and to make decisions concerning the use of organizational resources. Authority gives managers the right to direct and control their subordinates’ behavior to achieve organizational goals.
Detailed explanation-4: -Efficiency. All about getting the most out of resource inputs. It means using resources in the most productive possible way.
Detailed explanation-5: -A pure service business is one in which the service is the primary entity that is sold. That distinction is important because everyone in every type of business sells some element of service.