MATCHING
Using the following letters, indicate the effect of events on effectiveness and efficiency. If both effectiveness and efficiency are affected, enter two letters.
a.Increase in effectiveness
b.Decrease in effectiveness
c.Increase in efficiency
d.Decrease in efficiency
e.No effect on either
f.Decrease in effectiveness and Increase in efficiency
g.Increase in effectiveness and Increase in efficiency
1.Cutting expenses by 5% with no effect on revenues
2.Cutting expenses by 5% while cutting revenues by 3%
3.Purchase of land for future plant site
4.Increase in sales without increasing expenses
5.Discontinuance of a division; reduces total assets by 20%, revenues by 10% and expenses by 15%
6.Using refinancing to change short-term liabilities into long-term liabilities