Question: Efficiency and Effectiveness are: Efficiency is replacing less productive people with machines and effectiveness is how to find the machines at the lowest possible cost.

Efficiency and Effectiveness are:
Efficiency is replacing less productive people with machines and effectiveness is how to find the machines at the lowest possible cost.
Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value.
Efficiency means eliminating excess steps in the manufacturing process and Effectiveness means producing more units per hour
Efficiency and Effectiveness are the same thing
Efficiency and Effectiveness are: Efficiency is replacing less productive people with

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Final Paper Instructions/Guidelines: The final paper must be a minimum of 5 pages and a maximum of 7 pages in APA format. You can find APA guidelines in the Week Six folder under final paper tips....

Q:

HR How would you measure the efficiency and effectiveness of new methods of recruiting vs the traditional methods? 8 RECRUITMENT In this chapter we will turn our attention to the application of HR...

Q:

HI GOOD AFTERNOON, IS IT POSSIBLE THAT I MAY GET SOME ASSISTANCE WITH THIS ASSIGNMENT. SEE ATTACHMENT INSTRUCTIONS ARE AS FOLLOWS: ONLY THE RELEVANT HISTORY IS IMPORTANT, IN TERMS OF A PROBLEM...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Find an example, illustration, or application of this week's topic from any source listed in this week's assignment. Please post your example to the class (roughly 250+ words) and tie it very...

Q:

GE'I'I'ING BEYOND BETTER Chapter 4 Envisioning a New Future To serious motorcycle racers like Andrea and Barry Coleman, flat-track racing is the most primal, authentic, and thrilling form of...

Q:

Could someone work on this individual paper for me? See attached for details. Week 1 Grading Guide Grading Guide Content - 70 Percent Points= 3.5 Students must have selected an American corporation...

Q:

5. Developed stakeholder register and matrix for this project PARTNERS HEALTHCARE SYSTEM (PHS): TRANSFORMING HEALTH CARE SERVICES DELIVERY THROUGH INFORMATION MANAGEMENT Professor Richard Kesner...

Q:

Astrid exchanges land with a $550,000 FMV that is used in her business for Ramons house, which has a $450,000 FMV. Ramon used the house personally, but Astrid plans on turning it into a rental house....

Q:

A compound (C6H10) contains a five-membered ring. When Br2 adds to it, two diastereomeric dibromides are formed. Suggest reasonable structures for the compound and the two dibromides.

Q:

3. (True/False): When a programs source code is modified, it must be assembled and linked again before it can be executed with the changes.

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...