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== Definition ==
 
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'''Efficiency''' is the ability to perform a task with a minimum expenditure of time and effort.
 
'''Efficiency''' is the ability to perform a task with a minimum expenditure of time and effort.
   
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Efficiency in a management context means number of units of work completed per unit of time. Efficiency is usually used in a comparative statement such as "with the new machine we can produce 20 units per hour as compared to 5 units per hour with the old machine."
 
Efficiency in a management context means number of units of work completed per unit of time. Efficiency is usually used in a comparative statement such as "with the new machine we can produce 20 units per hour as compared to 5 units per hour with the old machine."
 
[[Category:Miscellaneous]]
 
[[Category:Miscellaneous]]
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[[Category:Definition]]
 

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