If a government department purchases standard-quality equipment at the lowest reasonable cost, it primarily demonstrates...

Type: MCQ • Marks: 1

If a government department purchases standard-quality equipment at the lowest reasonable cost, it primarily demonstrates:

A. Economy

B. Effectiveness

C. Equity

D. Accountability

Explanation

Economy concerns obtaining appropriate inputs at the right quality and cost. Efficiency concerns converting inputs into outputs effectively.

UPSC Principal & Vice Principal Management Finance Administration

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