COMPARATIVE STUDY ON ASSESSING THE PERFORMANCE OF ECONOMIC ENTITIES IN MEHEDINTI COUNTY
Costin Daniel Avram () and
Veronel Avram ()
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Costin Daniel Avram: University of Craiova, Romania
Veronel Avram: University of Craiova, Romania
European Journal of Accounting, Finance & Business, 2013, vol. 1, issue 1, 79-88
Abstract:
The notion of performance normally associated with it other three notions, namely efficiency, economy and effectiveness. Involves either maximizing efficiency results obtained with a given amount of resources or minimizing resources to achieve a predetermined result, being in all cases a report, a comparison of effectiveness (outcome) and effective effort (expense) to obtain the result by a or process. Economics aims at training resources at minimum cost. Effectiveness is the quality of process to produce the desired results and that acts as a control criterion level and the achievement of objectives.
Date: 2013
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