Management Finance - Part 1

A programme that produces a large number of outputs with minimal resources demonstrates:

Type: MCQ • Marks: 1
A programme that produces a large number of outputs with minimal resources demonstrates:
Options
A. Efficiency
B. Economy
C. Effectiveness
D. Legitimacy
Explanation
Efficiency is concerned with the relationship between resources used and outputs produced.
UPSC Principal & Vice Principal Management Finance Administration

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