V-5.01 - Auditor General Act
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.