Question:
_______ means doing the task correctly and with minimum cost.
_______ means doing the task correctly and with minimum cost.
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Efficiency questions always test resource optimization. Effectiveness questions focus on goal achievement.
Updated On: Jan 13, 2026
- Efficiency
- Effectiveness
- Management
- Coordination
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The Correct Option is A
Solution and Explanation
Efficiency is the optimal resource utilization because:
1. Key Aspects: - Output/Input ratio - Time management - Cost minimization
2. Examples: - Assembly line productivity - Lean manufacturing - Six Sigma processes
3. Vs Effectiveness: - Efficiency: "Doing things right" - Effectiveness: "Doing the right things" Business Impact: - 1% efficiency gain can boost profits 10-15% in manufacturing
Final Answer: (A) Efficiency
1. Key Aspects: - Output/Input ratio - Time management - Cost minimization
2. Examples: - Assembly line productivity - Lean manufacturing - Six Sigma processes
3. Vs Effectiveness: - Efficiency: "Doing things right" - Effectiveness: "Doing the right things" Business Impact: - 1% efficiency gain can boost profits 10-15% in manufacturing
Final Answer: (A) Efficiency
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