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Chapter 12





                   Which of the following is the best summary of the results of this Value
                   for Money review?


                   A    Economy, effectiveness and efficiency have all been achieved

                   B    Economy and efficiency have been achieved, but not effectiveness

                   C    Economy and effectiveness have been achieved, but not efficiency


                   D    Only economy has been achieved

                   Solution

                   The answer is (D).

                   Economy – achieved since the cost of the programme was below budget.

                   Effectiveness – not achieved since there has been no improvement in the
                   level of absenteeism.

                   Efficiency – not achieved. Other schools manage to get better results at a
                   lower cost, so this programme has not been an efficient use of resources.













































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