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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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