What general objectives of non profit seeking organisations are being described in each of the following?
(a) Maximising what is offered
(b) Satisfying the wants of staff and volunteers
(c) Equivalent to profit maximisation
(d) Matching capacity available
(a) Budget maximisation
(b) Producer satisfaction maximisation
(c) Surplus maximisation
(d) Usage targeting
One of the objectives of a local government body could be 'to provide adequate street lighting throughout the area'.
(a) How could the 'adequacy' of street lighting be measured?
(b) Assume that other objectives are to improve road safety in the area and to reduce crime. How much does 'adequate' street lighting contribute to each of these aims?
(c) What is an excessive amount of money to pay for adequately lit streets, improved road safety and reduced crime? How much is too little?
What objectives might the following not for profit organisations have?
(a) An army (d) A political party
(b) A local council (e) A college
(c) A charity
Which of the following is an example of an internal stakeholder?
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?