CUET Preparation Today
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. Efficiency is increased if goals are achieved on time All of the above |
Efficiency is increased when for the same benefit or outputs, fewer resources are used and less costs are incurred. |
The correct answer is option 1- Efficiency is increased when for the same benefit or outputs, fewer resources are used and less costs are incurred. Efficiency means doing the task correctly and with minimum cost. There is a kind of cost-benefit analysis involved and the relationship between inputs and outputs. If by using less resources (i.e., the inputs) more benefits are derived (i.e., the outputs) then efficiency has increased. Efficiency is also 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. |
