Question:
Which of the following refers to doing the task correctly and with minimum cost?
Which of the following refers to doing the task correctly and with minimum cost?
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Remember: Efficiency = ``Doing things right'' (Cost focus). Effectiveness = ``Doing the right things'' (Result focus).
Updated On: Mar 16, 2026
- Effectiveness
- Co-ordination
- Process
- Efficiency Correct Answer: (d) Efficiency
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The Correct Option is D
Solution and Explanation
Concept: In management, Efficiency and Effectiveness are two sides of the same coin.
• Effectiveness is concerned with doing the right task and achieving the end goal.
• Efficiency is concerned with doing the task correctly with minimum resource wastage (cost-benefit analysis).
Analyzing the cost-benefit aspect.
Since the question specifically highlights ``minimum cost,'' it refers to the input-output ratio. Efficiency focuses on deriving the maximum output from the least amount of inputs.
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