$[$MGT$-$FND$1]$ Managers must be focused on ensuring the outcomes for which they are responsible are achieved both effectively and efficiently. What is the best way to explain the underlying terms to someone not familiar with the two terms?

effectively is focused on completing tasks correctly; efficiently is focused on developing resources and capabilities

effectively is focused on minimizing resource usage or minimizing resource waste; efficiently is focused on completing tasks correctly

effectively is focused on completing tasks correctly; efficiently is focused on minimizing resource usage or minimizing resource waste

effectively is focused on developing resources and capabilities; efficienflity is focused on completing tasks correctly