Business Analytics End Term 1 Sept 2024 — Question 8

Select all that apply.

1. A

   Productive efficiency frontiers are all combinations of outputs such that the production of one unit cannot be increased without sacrificing without sacrificing the other.

2. B

   Organizations that do not find themselves on the Economic frontier are called inefficient economic units or organizations.

3. C

   Productive efficiency focuses on maximizing the given output under given constraints without focusing on optimally allocating the products.

4. D

   DEA focuses on the technology to improve the productive efficiency.