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3Es

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › 3Es

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.
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    Posts
  • January 22, 2022 at 7:35 pm #647287
    Isabella1
    Participant
    • Topics: 44
    • Replies: 23
    • ☆☆

    Hello John, can you help me with this question.

    Match the goals to whether they relate to efficiency, effectiveness or economy.

    (1) To maximise the bed occupancy rate
    (2) To minimise patient waiting times
    (3) To reduce the total staff cost while maintaining the level of service

    1-Efficiency
    2-Effectiveness
    3-Economical
    I wonder how maximising the bed occupancy rate shows efficiency. Efficiency connects input to output. How it is?
    Thank you.

    January 23, 2022 at 9:22 am #647308
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54704
    • ☆☆☆☆☆

    If, for example, a hospital has 100 beds but on average only 20 of them are occupied (and so 80 are empty) then it is not efficient because they are spending a lot of money on beds that are being wasted.

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