Explain the Difference Between Efficiency and Effectiveness

question 4

Essay

Explain the difference between efficiency and effectiveness.

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Definitions:

Banks Failed

The occurrence when financial institutions are unable to meet their obligations to depositors or creditors, often leading to a loss of public confidence and financial instability.

Electric Shock

A sudden discharge of electricity through a part of the body, causing injury or muscular spasm.

Immediate Reinforcer

A reward or consequence that follows directly after a behavior, strengthening the likelihood of that behavior occurring again.

Delayed Reinforcer

A reward that is given after a time delay, which can still effectively reinforce behavior.