_____ refers to the relationship between planned and actual sacrifices made to realize a previously agreed-upon goal.
A) Strategic benchmarking
B) Effectiveness
C) Efficiency
D) Operational benchmarking
E) None of the above.

Question

Quizplus · Accepted Answer

Efficiency refers to the relationship between planned and actual sacrifices made to realize a previously agreed-upon goal. It measures how well resources like money, time, and labor were utilized to complete a task or achieve an objective. Strategic benchmarking and operational benchmarking are methodologies used to improve efficiency and effectiveness in business processes. Effectiveness is the degree to which an objective is achieved, or how well it is accomplished. Therefore, choice C is the best option.

_____ Refers to the Relationship Between Planned and Actual Sacrifices