Efficiency and Effectiveness in Management Quiz

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Questions and Answers

What is the main focus of efficiency?

  • Utilizing resources optimally
  • Completing the task at minimum cost (correct)
  • Completing the task on time
  • Completing the task with high quality

How are efficiency and effectiveness related?

  • Efficiency is more important than effectiveness
  • They are completely independent
  • Effectiveness is more important than efficiency
  • They are interrelated (correct)

What does effectiveness primarily concern?

  • Completing the task at minimum cost
  • Completing the task with high quality
  • Utilizing resources optimally
  • Completing the task on time (correct)

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Study Notes

Efficiency and Effectiveness

  • The main focus of efficiency is on the minimization of waste and the optimization of resources to achieve a given output or goal.
  • Efficiency is related to effectiveness in that they are both measures of performance, but they have different areas of focus: efficiency is about achieving more with less, while effectiveness is about achieving the desired outcome.
  • Effectiveness primarily concerns realizing the desired outcome or goal, and it is often measured in terms of achieving a specific objective or target.

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