Question

________ means doing the task correctly and with minimum cost.

• A. Efficiency
• B. Effectiveness
• C. Management
• D. Coordination

Hint:

Efficiency focuses on resource optimization, while effectiveness emphasizes goal achievement. Both are essential for successful management.

Answer 1

The Correct Option is A

Step 1: Defining efficiency.
- Efficiency is about task completion using minimal resources and expense, while still achieving the intended result.
- Effectiveness pertains to goal attainment without necessarily prioritizing resource optimization.
Step 2: Examining the definition.
The phrase "performing the task accurately and at the lowest cost" precisely describes efficiency.
Conclusion: Option (A) Efficiency is the correct choice.