Efficiency focuses on the means of achieving goals, whereas effectiveness focuses on the results themselves
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: To be efficient is to make use of resources in a wise and cost-effective manner while in the process of attaining goals. To be effective is to achieve the goals.
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The argument for protectionism is that it
A. inhibits the development of domestic industries. B. encourages economic reliance on foreign countries. C. creates opportunities for the outsourcing of domestic jobs. D. creates a more favorable environment for a global economy. E. protects a nation's political security.
"Actual cash value" means "historical cost less depreciation."
Indicate whether the statement is true or false
Evidence suggests that real-time customer chat increases the dollar value of transactions
Indicate whether the statement is true or false
?From the viewpoint of international currency flows, foreign investments in plant and equipment are no different from investments in foreign securities.
Answer the following statement true (T) or false (F)