Select the most appropriate name ac for the given descriptions 13. Descriptions: 1. Resources required to perform

Question:

Select the most appropriate name a–c for the given descriptions 1–3.

Descriptions:
1. Resources required to perform the operation are acquired in the most cost-effective manner.
2. Resources are employed to maximize the resulting level of output.
3. Final output represents the product that the operation was set up to produce.
Names:

a. efficiency

b. effectiveness

c. economy

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The Internal Auditing Handbook

ISBN: 9780470518717

3rd Edition

Authors: K. H. Spencer Pickett

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