Day: January 25, 2025

Three basic approaches to performance measures are measures of economy, efficiency, and effectiveness.

Economy is measured by?

Select ONE answer:

1. The amount of resources used for the tasks that have been achieved
2. The success in achieving goals and targets
3. Team member satisfaction and the motivational climate
4. The success of the team or work group in controlling its costs

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct == > Economy is measured by the success of the team or work group in controlling its costs.

This work is licensed under a Creative Commons Attribution 4.0 International License.