Which statement best describes the difference between efficiency and effectiveness in the context of management control?

Efficiency and effectiveness are interchangeable terms that both refer to the relationship between inputs and outputs in management control.

Efficiency is an objective measure used to assess patient satisfaction, whereas effectiveness is a subjective measure of cost management.

Efficiency is concerned with the relationship between specific outputs and inputs, and effectiveness focuses on the alignment of outputs with facility goals.

Efficiency measures the relationship between outputs and facility goals, while effectiveness measures the cost per patient day.