(Effective?!ess and efficiency measures) The president at Perdido Bay University has formed a new department to recruit top out-of-state students. The department’s funding for 1996 is $400,000 and the department was given a goal of recruiting 300 new nonresident students. By year-end 1996, the department had been cred¬ ited with recruiting 325 new students. The department actually consumed $460,000 m its recruiting efforts.

a. How effective was the newly-formed department? Show calculations.

b. How efficient was the department? Show calculations.