Economic efficiency in the organization

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If a manager that takes over a furniture factory and realizes immediately that it was throwing away at least $100,000 a year worth of wood scrap and within a few weeks he sets up a task force of managers and workers to deal with the situation. Within some months they reduced amount of scrap to $7,000 worth per year. Was this necessarily an economically efficient move? Why or why not?

Reference no: EM1371863

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