Efficiency MIS metrics focus on the extent to which a firm is using its resources in an optimal way, while effectiveness MIS metrics focus on ________.
A) Understanding how successful a firm is at achieving its goals and objectives
B) Analyzing if a firm is doing the right things
C) Setting the right goals and ensuring they are accomplished
D) All of these

Question

Quizplus · Accepted Answer

Efficiency MIS metrics measure how well a firm is using its resources, whereas effectiveness MIS metrics encompass understanding success in achieving goals, ensuring the right goals are set and achieved, and analyzing if the firm is doing the right things. Thus, all options (A, B, C) collectively describe the focus of effectiveness MIS metrics.

Efficiency MIS Metrics Focus on the Extent to Which a Firm