Question

As you continued your discussion with Maia and Bram, you explain that even small, start-up companies should operate both efficiently and effectively. Although these terms sound similar, each has a different and precise meaning. You walk through a few examples with Maia and Bram to ensure that they have a solid understanding of the concepts. For the following examples, select the word or phrase that best completes the sentence.

Example : Andrew developed a schedule so he can spend the minimum amount of time studying for school and still get good grades. Andrew is following the schedule, but is not getting the desired grades. Andrew is:

Answer 1

Efficiency and effectiveness are important for small, start-up companies. Andrew's schedule may be efficient, but it lacks effectiveness as he is not getting the desired grades.

Step-by-step explanation:

Efficiency and effectiveness are two important factors for the success of small, start-up companies. Efficiency refers to how well resources are utilized to minimize waste and maximize productivity. Effectiveness, on the other hand, focuses on achieving the desired outcomes or goals. In the example given, Andrew developed a schedule to minimize his study time while still getting good grades. However, if he is not achieving the desired grades, it indicates a lack of effectiveness in his approach.