Which of the following best describes the concept of 'resource optimization'? (2023)
Practice Questions
1 question
Q1
Which of the following best describes the concept of 'resource optimization'? (2023)
Maximizing the use of all available resources
Minimizing waste while maximizing output from limited resources
Ensuring equal access to resources for all individuals
Allocating resources based on past performance
Resource optimization involves minimizing waste while maximizing output from limited resources, ensuring that resources are used as effectively as possible.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following best describes the concept of 'resource optimization'? (2023)
Solution: Resource optimization involves minimizing waste while maximizing output from limited resources, ensuring that resources are used as effectively as possible.
Steps: 5
Step 1: Understand what resources are. Resources can be anything like time, money, materials, or energy that we use to achieve a goal.
Step 2: Learn about waste. Waste refers to anything that is not used effectively or is thrown away.
Step 3: Know what output means. Output is the result or product we get from using our resources.
Step 4: Combine the ideas. Resource optimization means using our resources in a way that reduces waste and increases the results we get.
Step 5: Remember the goal. The main aim of resource optimization is to use resources as effectively as possible to get the best results.
