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| Definition: |
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Assessment against a set of predetermined criteria of the economy, efficiency and effectiveness with which an organisation carries out a particular activity or range of activities. Organisations may be set regular targets on particular aspects of their performance—financial returns, efficiency, quality of services supplied, etc.—against which their performance is monitored and evaluated.
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| Source
Publication: |
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Effects of European Union Accession, Part 1: Budgeting and Financial Control, OECD SIGMA Paper No. 19, March 1998, Appendix 3: List of Useful Terms + http://www.investopedia.com/terms.
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| Statistical
Theme: Public management |
| Created
on Wednesday, August 7, 2002 |
| Last
updated on Wednesday, June 12, 2013 |
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