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Management Finance - Part 1

Consider the following: A Economy B Efficiency C Effectiveness

Type: MCQ • Marks: 1
Consider the following: A Economy B Efficiency C Effectiveness
Options
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
Explanation
Reasonable procurement demonstrates economy, low wastage demonstrates efficiency, and achievement of the intended objective demonstrates effectiveness.
UPSC Principal & Vice Principal Management Finance Administration

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