As the terms are used in the budgeting process,it is possible for a company to be efficient at the same time it is ineffective.

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Efficiency and effectiveness are two different concepts in the budgeting process. A company can be efficient but not effective if it is not achieving its goals or objectives. Conversely, a company can be effective but not efficient if it is achieving its goals at a high cost or with unnecessary resources. Therefore, it is possible for a company to be efficient but ineffective or effective but inefficient in the budgeting process.

As the Terms Are Used in the Budgeting Process,it Is