V-5.01 - Auditor General Act

Section 21 Disposition versions

1985-06-20

21. For purposes of this subdivision,

(1)  “economy” means the acquisition, at the lowest cost and at the appropriate time, of financial, human and physical resources in appropriate quantity and quality;

(2)  “efficiency” means the conversion, in the best ratio, of resources into goods and services;

(3)  “effectiveness” means the achievement, to the best degree, of the objectives or other intended effects of a program, an organization or an activity.

1985, c. 38, s. 21.