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VFM

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › VFM

  • 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
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  • May 29, 2023 at 12:35 pm #685384
    VikasK
    Participant
    • Topics: 98
    • Replies: 118
    • ☆☆☆

    Hello Sir, hope you are doing well.
    May I know why. Speed of Response or Flexibility such as Hospital Waiting Time, Time taken to solve doubt is a measure of Effectiveness and not efficiency

    May 29, 2023 at 4:27 pm #685398
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    Because it is providing a more effective service is there is a high speed of response. It is not efficiency because the speed may be increased in many different ways such as just employing more people, and that isn’t likely to be efficient.

    May 29, 2023 at 4:46 pm #685400
    VikasK
    Participant
    • Topics: 98
    • Replies: 118
    • ☆☆☆

    Sir. How high speed of Response would help organising in providing more effective service

    May 30, 2023 at 8:52 am #685442
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    It is a measure of more effective service. I am sure if you went to a hospital you would regard fast time to see someone as being a better (i.e. more effective) service!

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