Asked by Pham Quang Thang (K14 HCM) on Sep 26, 2024
____ is the relationship between outputs and inputs, whereas ____ is a measure of whether or not organizational objectives are accomplished.
A) Profitability; satisfaction
B) Effectiveness; efficiency
C) Efficiency; effectiveness
D) Implementation; adaptability
E) Adaptability; profitability
Efficiency
The ability to accomplish a task or produce an outcome with minimum waste of time, effort, or resources.
Effectiveness
The degree to which objectives are achieved and the extent to which targeted problems are solved.
Profitability
A measure of the efficiency and financial success of a business, indicated by the ratio of profits generated to the resources used.
- Comprehend the difference between efficiency and effectiveness within an organization.
Learning Objectives
- Comprehend the difference between efficiency and effectiveness within an organization.
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