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Comparative Study On Assessing The Performance Of Economic Entities In Mehedinti County

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  • Costin Daniel AVRAM

    (University of Craiova, Romania)

  • Veronel AVRAM

    (University of Craiova, Romania)

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.

Suggested Citation

  • Costin Daniel AVRAM & Veronel AVRAM, 2013. "Comparative Study On Assessing The Performance Of Economic Entities In Mehedinti County," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 1(1), pages 79-88, June.
    • Handle: RePEc:scm:ejafbu:v:1:y:2013:i:1:p:79-88
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    File URL: http://www.seap.usv.ro/~lucianp/accmng/index.php?pag=showcontent&issue=1&year=2013
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    Cited by:

    1. ENESCU Marian & ENESCU Maria, 2015. "Foreign Direct Investments In The Economic Development Of Romania," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 10(3), pages 128-136, December.

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