Which Scenario Exemplifies the Concept of Efficiency Versus Effectiveness in Time

question 21

Multiple Choice

Which scenario exemplifies the concept of efficiency versus effectiveness in time usage?

• A)Mario has found that if he forgoes his exercise routine he has more time to complete his course work satisfactorily and on time.
• B)Megan is very conscientious about completing all of her course work on time and understands that to do well in school one trade-off is going to be her social life.
• C)Frank is able to juggle school and a social life while maintaining a 2.0 GPA.
• D)Alena has found that by taking online courses, she is able to trade off the commute time for more study time.

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Definitions:

Withdrawal

The act of removing funds from an account, or the act of taking out resources or assets from a business by an owner for personal use.

Capital

The wealth, either financial or physical, that is used by a business to produce goods or services.

Income Summary

An account in which the revenues and expenses are temporarily recorded to calculate the net income or loss for a period, before transferring to the capital account.

Capital

Refers to the financial assets or resources that individuals or businesses have available to invest or spend on building and growing their operations.