In Terms of Good Management, Efficiency Differs from Effectiveness Primarily

question 111

Multiple Choice

In terms of good management, efficiency differs from effectiveness primarily in the former's focus on

• A)customer satisfaction.
• B)shareholder profits.
• C)customer retention.
• D)employee turnover.
• E)resource utilization.

---

Definitions:

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to compare the return on investment of different securities.

Par Value

The nominal or face value of a bond, share of stock, or other financial instrument.

Maturity

The final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid.

Annual Coupon

The total interest to be paid on a bond each year, divided between regular payment periods.