Question

At times, a business may concentrate on producing goods with fewer resources but cannot achieve the targeted production. In such a case, the business is said to be:

Options

• Effective but not efficient

• Efficient but not effective

• Both effective and efficient

• Neither effective nor efficient

Answer 1

Efficient but not effective

Explanation:

Efficiency is the ability to complete a task accurately and economically. Doing the right thing, finishing tasks, and reaching deadlines are all important components of effective management.