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im also in in. doing topic 8 and P3, P4 and P7 .this has been the most stressful semester ever but im almost done with the RAP. really hope i can pull this off. All the best everyone:-)
1.Its sometimes hard to measure outputs for organisations for example a hospital is number of patients attended to or those healed or those admitted?
2.Organisations will have many conflicting objectives hence hard to measure effectiveness e.g a hospital wants to treat people and still cut operating costs. Hard to achieve both.
3. Economy and efficiency are sometimes achieved by sacrificing quality.
4. Over emphasis on economy may lead to going for short term goals at the expense of long term ones.It is only appropriate when:
1. The project and the company have the same business risk
2. The project is small relative to the company
3. The existing capital structure will be maintained, i.e the project will be financed using the same proportion of debt and equity that is in the company’s current capital structure.