Author Question: Effectiveness is synonymous with ________. A) cost minimization B) smart management C) goal ... (Read 55 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
Effectiveness is synonymous with ________.
 
  A) cost minimization
  B) smart management
  C) goal attainment
  D) efficiency

Question 2

Which of the following might be an example of increased efficiency in manufacturing?
 
  A) cutting the amount of labor required to make the product
  B) cutting the price of the product
  C) increasing sales of the product
  D) increasing advertising for the product



nekcihc358

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

Answer: C
Explanation: Effectiveness is concerned with ends as opposed to means. Being effective means getting the job done (attaining goals), while being efficient is concerned with how the job got done and such things as cost minimization. While effective operations usually feature smart management, the two are not necessarily synonymous.

Answer to Question 2

Answer: A
Explanation: Efficiency must involve reducing the input-to-output ratio in some way. Cutting the amount of labor reduces the amount of input and so marks an increase in efficiency. Cutting the price does not affect the amount of resources and labor that go into the product, nor does it improve the product itself, so it is not an efficiency measure. Increasing sales and advertising similarly do not change the input-output ratio so they do not increase efficiency.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

For a complete list of videos, visit our video library