Bumblebee is a toy manufacturing company. Though the company has been effective in managing its resources without any wastage, its productivity efficiency report shows a decrease in the year 2013 when compared to the previous year. This outcome indicates that its productivity is .

Efficient but not effective

Explanation:

Effective production is a term often used in business operations to describe a situation in which a company produces commodities with the utmost output from a given input or resources.

On the other hand, Efficient Production is a term that describes a situation in which a company produces commodities at the minimum likely cost.

Hence, in this case, it can be determined that Bumblebee's productivity is EFFICIENT by managing its resources without any wastage, but not EFFECTIVE because there is a decrease in production in the year 2013 when compared to the previous year.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.