V-5.01 - Auditor General Act

Full text
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.