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efficiency’ target

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › efficiency’ target

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • November 25, 2015 at 12:11 pm #285168
    Azad
    Member
    • Topics: 10
    • Replies: 27
    • ☆

    Which of the following is an ‘efficiency’ target that a not for profit organisation might put
    in place?
    A Negotiation of bulk discounts
    B Pay rates for staff of appropriate levels of qualification
    C Staff utilisation
    D Customer satisfaction ratings

    Sir, Please explain.

    November 25, 2015 at 4:23 pm #285225
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51571
    • ☆☆☆☆☆

    I do suggest that you watch our free lectures on performance measures for not-for-profit organisations – I cannot type out the whole lecture here !
    (Our lectures are a complete course for Paper F9 and cover everything you need to pass the exam well.)

    Efficiency is making the best use of the resources, and so the answer is C.
    (A is a measure of ‘economy’; B is a measure of ‘economy’; D is a measure of ‘effectiveness’)

    November 26, 2015 at 6:21 am #285343
    Azad
    Member
    • Topics: 10
    • Replies: 27
    • ☆

    Thank you very much.

    November 26, 2015 at 9:45 am #285398
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51571
    • ☆☆☆☆☆

    You are welcome 🙂

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