GENERAL KNOWLEDGE

GK

PUBLIC ADMINISTRATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Efficiency Definition
A
Verifying that the activities of public officials are authorized and appropriate under the Constitution and/or regime values of a country
B
Ensuring a program meets the goals intended by the program
C
Using skills to implement a policy without a personal agenda
D
Achieving maximum benefit for minimum cost.
Explanation: 

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: -1. ability to produce a desired effect, product, etc. with a minimum of effort, expense, or waste; quality or fact of being efficient. 2. the ratio of effective work to the energy expended in producing it, as of a machine; output divided by input.

Detailed explanation-3: -Productive – producing for the lowest cost. Allocative – distributing resources according to consumer preference P=MC. Dynamic – Efficiency over time. X-efficiency – incentives to cut costs. Efficiency of scale – taking advantage of economies of scale. More items •28-Jun-2019

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