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Value for Money

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Value for Money

  • This topic has 3 replies, 2 voices, and was last updated 2 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 17, 2022 at 6:08 pm #666631
    kvz911
    Participant
    • Topics: 12
    • Replies: 47
    • ☆☆

    A council member suggests that the performance of the bus service should be assessed on the basis of economy, effectiveness and efficiency.

    Select the correct words or phrases to complete the following statement:

    For of the Lewisville bus service efficiency could be measured by ________________

    Select one:

    A .Cost per passenger kilometre travelled

    B.Surplus per passenger kilometre travelled

    C .Customer complaints per passenger kilometre
    travelled

    Sir John Moffat,

    The answer in the solution is A but I chose C & I was wrong. Can u plz explain ? I cannot understand !!

    September 18, 2022 at 10:21 am #666662
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    Efficiency is being able to provide the service is the cheapest way, and the cost per passenger kilometre travelled would be a way of measuring this.

    Customer complaints would be more a way of measuring the effectiveness.

    Have you watched my free lectures on this?

    September 19, 2022 at 4:31 am #666699
    kvz911
    Participant
    • Topics: 12
    • Replies: 47
    • ☆☆

    Thank you so much sir !! I did see your Lecture !! I messed up the question ! Clear now !! Thank you 🙂

    September 19, 2022 at 7:41 am #666707
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Value for Money’ is closed to new replies.

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