Which of the following statement (s) is true?

Both of 1 and 2 are correct

OPTION 1- It is important for management to achieve goals (effectiveness) with minimum resources i.e., as efficiently as possible.
OPTION 2- Maintaining a balance between effectiveness and efficiency is equally important for management.

Both are correct as Management aims at guiding their efforts towards achieving a common objective — a goal. Thus, management has to see that tasks are completed and goals are achieved (i.e., effectiveness) with the least amount of resources at a minimum cost (i.e., efficiency). It is important for management to achieve goals (effectiveness) with minimum resources i.e., as efficiently as possible while maintaining a balance between effectiveness and efficiency.