Which of the following best captures the difference between efficiency and effectiveness?
Efficiency means doing what the company's engineers want, while effectiveness means doing what consumers want.
Efficiency means maximizing output, while effectiveness means maximizing profit.
Efficiency means doing things right, while effectiveness means doing the right things.
Efficiency means doing what production wants, while effectiveness means doing what the marketing department wants.
Efficiency means working as fast as possible without regard to product quality, while effectiveness means working more carefully and paying attention to quality.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q7: The president of Bob's Barbecue is reassessing
Q8: Managers at Edson Corp. have decided to
Q9: With respect to the concepts of management
Q10: Determining what a firm needs to do
Q11: When a manager responds to a strike
Q13: If a manager attends a subordinate's wedding,
Q14: Lenore is heading up a planning team
Q15: Top managers are to middle and lower-level
Q16: Midge thought anxiously about how to position
Q17: The purpose of the four-part management process
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents