MENU
Doing the same with fewer resources is:
Suggested Answer: A
Get Premium L3M1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
Economy is most easily thought of as paying less, hopefully with no loss of quality, service, etc
Effectiveness is most easily thought of as achieving the right outputs.
What one really seeks is effectiveness. Unfortunately it is possible to be efficient without being ef-fective. An example from my work life is the collection of statistics / 'returns'. I have come across parts of organisations which were very efficient at collecting data, but the data were not used in any meaningful way - the outputs of the efficiency did not add value and did not create useful outputs. There was a lack of effectiveness. The distinction is worthwhile, I think.
18 comments · newest first
AS
Asha
26 days ago
Yes, but results with fewer resources is still efficiency!
IN
Inocencia
1 month ago
I see your point, but effectiveness is about results, right?
AL
Alonzo
1 month ago
Economy is good, but efficiency is more precise here.
JA
Janet
1 month ago
I lean towards C) Economy. It's about saving resources too.
RE
Rebbecca
2 months ago
I feel A) Efficiency is the best choice. It makes sense!
YA
Yaeko
2 months ago
True, but efficiency focuses on resource use.
BE
Benton
2 months ago
But isn't it also about effectiveness? Like achieving goals?
CI
Ciara
2 months ago
I agree, doing more with less is definitely efficiency.
GE
Geraldo
2 months ago
I think it's A) Efficiency.
EV
Eveline
2 months ago
Efficiency? Sounds too simple, I’m not convinced.
LE
Lelia
3 months ago
I thought it was C) Economy, but I see the point!
SI
Simona
3 months ago
Wait, are we sure it's not B) Effectiveness?
WE
Werner
3 months ago
Totally agree, it's all about doing more with less!
LA
Lashandra
3 months ago
A) Efficiency is the right answer!
EL
Elvis
3 months ago
I feel like efficiency is the right choice since it’s about doing more with less, but I could be mixing it up with economy.
TW
Twila
3 months ago
I’m torn between efficiency and economy. They both seem to fit, but I can't recall the exact definitions.
LA
Lacey
4 months ago
I remember a practice question similar to this, and I think effectiveness was the answer there.
DE
Derick
4 months ago
I think it might be efficiency, but I'm not completely sure. We talked about it in class.