___ is concerned with the optimum utilisation of resources and performing a task with minimum time and effort.
Efficiency
Effectiveness
Emergent
None of these
Efficiency is concerned with the optimum utilisation of resources and performing a task with minimum time and effort.
Give the meaning of "efficient utilisation of resources" and "effectiveness".
The principles of management are significant because of
(a) Increase in efficiency
(b) Initiative
(c) Optimum utilisation of resources
(d) Adaption to changing technology
With optimum utilisation of resources and proper division of work, companies can easily meet the challenges and can expand their activities in a planned manner.