L3M4 Exam Dumps | 'Using resources to a more productive effect, either by producing more output with the same re-source,

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CIPS.L3M4.v2025-01-04.q74
Question 13

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Question 13/74

'Using resources to a more productive effect, either by producing more output with the same re-source, or using less resource to obtain the same output'. This is a description of:

A. Efficiency

B. Effectiveness

C. Economy

Correct Answer: A

Efficiency.
This is a clear explanation of what is meant by 'efficiency'.
Economy and effectiveness are addressed by other questions in this L3 series of tests including in this subject.

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