To be efficient means to use people, money, and other resources wisely and cost effectively. To be effective means to realize the organization's goals by making the right decisions and executing them successfully
Which focuses on process, and which focuses on results?
What will be an ideal response?
Answer: Effectiveness focuses on realizing goals, meaning it focuses on results. Efficiency focuses on the ways in which goals are realized, meaning it focuses on process.
Explanation: Efficiency focuses on the means, whereas effectiveness focuses on the ends.
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Under the RMBCA, a newly formed corporation need not hold an organizational meeting
a. True b. False Indicate whether the statement is true or false
The issue management process is a:
A. Beneficial tool used only to minimize the negative effects of a public issue for the organization's advantage. B. Confusing process that is rarely used to help top management within an organization. C. Beneficial tool used only to maximize the positive effects of a public issue for the organization's advantage. D. Systematic process companies use when responding to public issues that are of greatest importance to the business.
How does a mission statement differ from a vision statement?
A. The mission statement includes the purpose of a company as well as the basis of competition and competitive advantage. B. The mission statement typically includes a fairly substantial effort to establish some direct line-of-sight between individual competency requirements and the broader goals of an organization. C. The mission statement is an effort to anticipate future business and environmental demands on an organization and to provide qualified people to fulfill that business and satisfy those demands. D. The mission statement includes the result of an analysis of the future availability of labor and future labor requirements.
Regarding consumer products, which of the following is true?
A. All unsought products remain unsought forever. B. Convenience products are products that customers want to buy at the lowest possible price. C. Specialty products must be searched for. D. Price is not important at all for heterogeneous shopping products. E. Supermarkets may carry homogeneous shopping products.