A manager obtains the required capital at 12% interest while the prevailing rate of interest happens to be 10%> How would you describe such a manger?
a) Efficient
b) Effective
c) Effective and efficient
d) Inefficient
Also state what the above statement is asking about?

Dear Student,

​​​​​ A manager obtains the required capital at 12% interest while the prevailing rate of interest happens to be 10%, we would say that manager is inefficient, because he is not working or producing results in the best way, so that time or money is wasted.
Therefore option (d) is correct.
Regards.