EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 1, Number 1, Year 2013

COMPARATIVE STUDY ON ASSESSING THE PERFORMANCE OF ECONOMIC ENTITIES MEHEDINTI COUNTRY
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Author(s): Costin Daniel Avram, Veronel Avram
DOI: 10.4316/EJAFB.2013.113
Abstract: The notion of performance normally associated with it other three notions, namely efficiency, economy and effectiveness. Involves either maximizing efficiency results obtained with a given amount of resources or minimizing resources to achieve a predetermined result, being in all cases a report, a comparison of effectiveness (outcome) and effective effort (expense) to obtain the result by a or process. Economics aims at training resources at minimum cost. Effectiveness is the quality of process to produce the desired results and that acts as a control criterion level and the achievement of objectives.
Keywords: Competition, Productivity, Profitability, Return On Equity
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