Management is$...$

Expectations for those in management can vary from industry to industry and company to company, but in many ways, management has the same responsibilities and functions in most organizations. Management is getting work done through others. All companies need managers who can plan, allocate resources, lead and motivate employees, organize work, and monitor the progress of plans and goals. Managers must also make sure that work is getting done efficiently and effectively.

$$ Efficiency is getting work done with a minimum of effort, expense, or waste.

$$ Effectiveness is accomplishing tasks that help fulfill organizational objectives.

The job of a manager is to:

do the work of others.

invent new products.

help others do their work.

train executives to do their jobs.

is getting work done with a minimum of effort, expense, or waste.

Which of the following statements is true of efficiency?

Efficiency involves getting work done with maximum effort, irrespective of cost$.$

Efficiency alone is not enough to ensure an organization$$s success.

Efficiency of a team is not dependent on the team composition.

Efficiency involves accomplishing tasks that help fulfill organizational objectives.