Which of the following is true?

Efficiency is increased when for the same benefit or outputs, fewer resources are used and less costs are incurred. Effectiveness is increased when for the same benefit or outputs, fewer resources are used and less costs are incurred. Both of 1 and 2 are correct None of the above

Efficiency is increased when for the same benefit or outputs, fewer resources are used and less costs are incurred.

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.