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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 28 · 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's management is reviewing a report that states: 'This year, our engineering teams installed an average of 2.5 water pumps per staff day, compared to 2.0 pumps per staff day last year.'
Which of the 3 Es does this metric represent?
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's management is reviewing a report that states: 'This year, our engineering teams installed an average of 2.5 water pumps per staff day, compared to 2.0 pumps per staff day last year.'
Which of the 3 Es does this metric represent?
Answer options:
Economy
Efficiency
Effectiveness
Expertise
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