What is the difference between efficiency and effectiveness?

Question

ObjectiveMcq · Accepted Answer

Efficiency is doing things right, while effectiveness is doing the right things

ObjectiveMcq · Answer

Efficiency is achieving goals, while effectiveness is using resources wisely

ObjectiveMcq · Answer

Efficiency is measured in financial terms, while effectiveness is measured in non-financial terms

ObjectiveMcq · Answer

Efficiency is important for short-term success, while effectiveness is important for long-term success