Accounting · Management Accounting
The performance of a publicly funded hospital is monitored using measures based upon the 'three Es' (Economy, Efficiency, and Effectiveness). The most important performance measure is considered to be the achievement of hospital targets for the successful treatment of patients. Which of the three Es best describes this measure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Efficiency
- 2Effectiveness✓
- 3Externality
- 4Economy
Correct answer
Effectiveness
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