Practicing Success
Which of the following is true? |
If by using less resources (i.e., the inputs) more benefits are derived (i.e., the outputs) then efficiency is said to be increased. If by using less resources (i.e., the inputs) more benefits are derived (i.e., the outputs) then effectiveness is said to be increased. Both of 1 and 2 are correct None of the above |
If by using less resources (i.e., the inputs) more benefits are derived (i.e., the outputs) then efficiency is said to be increased. |
Effectiveness in management is concerned with doing the right task, completing activities and achieving goals. In other words, it is concerned with the end result. Efficiency means the work has been done at the least cost. |