Question

If a manager is not able to achieve the target production of 6,000 units but is able to reduce the costs significantly, then what will he be considered as?

विकल्प

• Only efficient

• Only effective

• Both efficient and effective

• Neither efficient nor effective

Answer 1

Only efficient

Explanation - 

Efficiency refers to completing a task correctly and at a low cost. When fewer resources are used and fewer expenses are incurred for some benefit or product, efficiency is increased.