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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?
Options
Only efficient
Only effective
Both efficient and effective
Neither efficient nor effective
MCQ
Solution
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.
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