Question

Why are effectiveness and efficiency metrics crucial in guiding decision-making?

• A. They simplify the decision-making process by eliminating choices.
• B. They provide insights into both the impact and quality of decisions
• C. They focus only on cost-saving measures.
• D. They are only useful for financial decisions.

Answer 1

Answer:

B. They provide insights into both the impact and quality of decisions

• Effectiveness and efficiency are complementary metrics that guide decision-making by providing insights into both the success of the outcome (effectiveness) and the quality of the process (efficiency).

• Together, they help ensure decisions are both impactful and resource-conscious.