Define efficiency and effectiveness, and compare and contrast the two. Efficiency refers to the proper utilization of
Question:
Define efficiency and effectiveness, and compare and contrast the two.
Efficiency refers to the proper utilization of resources, doing things right.
Effectiveness refers to the attainment of goals, doing the right things.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
Driving from New York City to Boston by way of Chi...View the full answer
Answered By
Kalyan M. Ranwa
I have more than seven years of teaching experience in physics and mechanical engineering.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Business Intelligence and Analytics Systems for Decision Support
ISBN: 978-0133050905
10th Edition
Authors: Ramesh Sharda, Dursun Delen, Efraim Turban
Question Posted:
Students also viewed these Accounting questions
-
Compare and contrast the two common-size balance sheets below. Which one do you think may belong to an auto manufacturer? To a computer manufacturer?
-
Compare and contrast the two common-size balance sheets below. Which one do you think may belong to a supermarket? To a jeweler?
-
Compare and contrast the two types of channel conflict. Why is channel conflict damaging to all parties?
-
Describe three ways in which a gradual increase in an extracellular signal can be sharpened by the target cell to produce an abrupt or nearly all-or none response.
-
The bank reconciliation prepared by Gatz Company on May 31, 2014, appeared as follows: The Cash account in the General Ledger appeared as follows on June 30 (Gatz uses only a General Journal to...
-
The system in figure is initially at rest when the lower string is cut. Find the speed of the objects when they are at the same height 3kg -1 m 2kg
-
The horizontal settler calculation in Example 13-7 was done for a settler diameter of \(\mathrm{D}_{\mathrm{s}}=1.023 \mathrm{~m}\) with the dispersion band assumed to be at the center of the circle....
-
Computer Service and Repair was started five years ago by two college roommates. The company's comparative balance sheets and income statement are presented below, along with additional information....
-
Regarding the case, Kelo v . City of New London, in dissenting opinions, members of the Court argued that this decision makes all private property vulnerable to being taken and transferred to another...
-
The same facts apply as in Exercise 14 except that Budvar Company purchases parts from a foreign supplier on December 1, Year 1, with payment of 20,000 crowns to be made on March 1, Year 2. On...
-
Why is intuition still an important aspect of decision making?
-
Even though implementation of a decision involves change, and change management is very difficult, explain how change management has not changed very much in thousands of years. Use specific examples...
-
What accounting constraint refers to the tendency of accountants to resolve uncertainty in a way least likely to overstate assets and net income? (a) Comparability. (b) Materiality. (c) Conservatism....
-
Managerial accounting is a veritable tool for organizational decision making and can be used to solve practical problems. How can managerial accounting help solve organizational issues using...
-
A train with a maximum speed of 105 km/h has an acceleration rate of 0.50 m/s 2 and a deceleration rate of 0.61 m/s 2 . If the train takes 50 s to slow down from maximum speed to a complete stop, how...
-
The first payment of $9,000 becomes due on the capital lease for Pilates equipment. Of the $9,000 payment, $8,000 is being applied to principal and $1,000 is being applied to interest. Prepare the...
-
1 5 . A cone of base 5 0 mm diameter & axis 6 0 mm long rests with its base on HP . It is cut by a section plane perpendicular to VP so that the true shape of the section is a parabola of maximum...
-
explain the concept of price discretion, and its relationship with cost information and short-term pricing decisions. Using a practical, explain the difference in the price discretion between a room...
-
Find the expected value in Example 4 from the insurance companys point of view. Data from Example 4 Suppose you are interested in insuring a car video system for $2,000 against theft. An insurance...
-
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
-
Graph the behavior of the civilian unemployment rate from 1961 until the present using monthly data. Vertical gray bars in FRED indicate periods of recession. In terms of the unemployment rate, how...
-
Why is Big Data preparation essential for AI initiatives?
-
Why is machine learning so important?
-
Why would a health insurance company invest in analytics beyond fraud detection? Why is it in its best interest to predict the likelihood of falls by patients?
-
Assume that a lender offers a 30-year, $158,000 adjustable rate mortgage (ARM) with the following terms: Initial interest rate = 7.5 percent Index = one-year Treasuries Payments reset each year...
-
Suppose that a trader writes three naked put option contracts, with each contract being on 100 shares of underlying stock. The option price is $3 on each share, the time to maturity is six months,...
-
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150- foot rolls and sells for $215...
Study smarter with the SolutionInn App