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Section B - Case 3: ClearFlow Initiative
ClearFlow is a Not-For-Profit (NFP) NGO dedicated to providing clean drinking water in rural communities. They measure their performance using the 'Value for Money' (VFM) framework, often referred to as the 3 Es.
During the year, ClearFlow negotiated a bulk discount with a supplier, reducing the cost of purchasing water filtration pumps from $500 per unit to $450 per unit.
Which of the 3 Es does this achievement directly demonstrate?
ACCA · Question 27 · Performance measurement and control
Section B - Case 3: ClearFlow Initiative
ClearFlow is a Not-For-Profit (NFP) NGO dedicated to providing clean drinking water in rural communities. They measure their performance using the 'Value for Money' (VFM) framework, often referred to as the 3 Es.
ClearFlow conducts an annual health survey in the communities where they operate. This year, the survey showed a 40% reduction in waterborne diseases compared to the previous year.
Which of the 3 Es does this metric primarily measure?
Section B - Case 3: ClearFlow Initiative
ClearFlow is a Not-For-Profit (NFP) NGO dedicated to providing clean drinking water in rural communities. They measure their performance using the 'Value for Money' (VFM) framework, often referred to as the 3 Es.
ClearFlow conducts an annual health survey in the communities where they operate. This year, the survey showed a 40% reduction in waterborne diseases compared to the previous year.
Which of the 3 Es does this metric primarily measure?
Answer options:
Economy
Efficiency
Effectiveness
Environment
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