Which TWO of the following are most likely to be performance measures for a not for profit organisation? 

(1) Efficient resource allocation. 

(2) Return on investment (ROI) and residual income (RI) 

(3) Minimising the cost of resources used. 

(4) Success measured against competition 

A government body uses measures based on the 3Es to measure value for money generated by a publicly funded hospital. It considers the most important performance measure to be 'cost per successfully treated patient' 

Which of the 3Es best describes the above measure? 

For a not for profit organisation with multiple objectives, which aspect of performance is the most difficult to assess? 

Economy means cost cutting. True or false? 

The public service funding system operates on the basis that performance against non-financial objectives leads to a reduction in the level of funding. True or false?