General Knowledge · Performance Management & Value for Money
Core Care Trust uses six performance measures in its Value for Money (VfM) framework: 1. Direct staff cost as a percentage of contract income 2. Temporary staff usage (hours) as a percentage of total staff hours 3. Food cost per meal served to residents 4. Achieving designated standards of care 5. Number of voids (percentage of empty beds) 6. Staff turnover Which option correctly categorizes these measures under Economy, Efficiency, and Effectiveness?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Economy - 5, 6; Efficiency - 5, 6; Effectiveness - 3, 4
- 2Economy - 1, 2; Efficiency - 3, 4; Effectiveness - 5, 6✓
- 3Economy - 3, 4; Efficiency - 5, 6; Effectiveness - 3, 4
- 4Economy - 3, 4; Efficiency - 1, 2; Effectiveness - 3, 4
Correct answer
Economy - 1, 2; Efficiency - 3, 4; Effectiveness - 5, 6
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