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CIMAPRO19-P02-1 Exam - Topic 8 Question 103 Discussion

A not-for-profit organization measures performance using the three Es.If the organization has been acquiring the resources it needs as cheaply as possible it should be described as having been:
D) Enterprising
A) Efficient
B) Effective
C) Economic

CIMAPRO19-P02-1 Exam - Topic 8 Question 103 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 103
Topic #: 8
[All CIMAPRO19-P02-1 Questions]

A not-for-profit organization measures performance using the three Es.

If the organization has been acquiring the resources it needs as cheaply as possible it should be described as having been:

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Suggested Answer: D

by Temeka at Nov 13, 2024, 06:55 PM

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Sueann
8 months ago
Surprised this is even a question, it's clearly efficient!
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Tequila
8 months ago
Wait, can it really be efficient if they’re not effective?
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Mollie
8 months ago
Isn't economic the right term here?
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Tiffiny
8 months ago
I think it's more about being effective.
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Karan
9 months ago
Definitely efficient!
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Nydia
9 months ago
I recall that efficiency is about doing things right, so A seems like the best choice here.
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Stephane
9 months ago
I feel like this question is similar to one we practiced about resource allocation. Maybe it's C, Economic, but I'm not confident.
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Annice
9 months ago
I'm not entirely sure, but I remember something about effectiveness being more about achieving goals rather than just cost.
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Lonna
9 months ago
I think the answer might be A, Efficient, since it relates to using resources wisely.
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Paola
9 months ago
I'm pretty confident the answer is C. Acquiring resources cheaply is all about being economic, which is one of the 3 Es used to measure performance.
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Whitney
9 months ago
Okay, let me see. Efficient is about using resources well, effective is about achieving goals, and economic is about being cost-conscious. I'll go with C - Economic for this one.
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Jordan
9 months ago
Hmm, I'm a bit unsure about this one. The 3 Es are a bit tricky to remember. I'll have to think this through carefully before answering.
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Amos
10 months ago
This seems like a straightforward question about the 3 Es used to measure performance. I think the answer is C - Economic, since acquiring resources cheaply is about being economical.
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Josue
1 year ago
Ah, the three Es, eh? I'm curious, do they also have a fourth E for 'Exasperating'? Because that's how I'm feeling right about now trying to figure this one out!
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Tamera
1 year ago
D: Enterprising
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Ernie
1 year ago
C: Economic
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Ethan
1 year ago
B: Effective
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Chantell
1 year ago
A: Efficient
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William
1 year ago
I'm torn between B) Effective and C) Economic. I mean, being effective is important, but if you're not being economical, what's the point? Guess I'll go with C) Economic, since that's the one that really captures the essence of what the question is asking.
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Michel
1 year ago
Yeah, Economic seems like the best choice.
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Delisa
1 year ago
I'm leaning towards Economic as well.
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Cecilia
1 year ago
I agree, being efficient with resources is crucial.
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Margarita
1 year ago
I think being economic is key here.
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Eun
1 year ago
Nah, I'm going with A) Efficient. I mean, if they're getting resources as cheaply as possible, that's got to be the hallmark of an efficient organization, right? Though I do like the sound of 'enterprising', it just doesn't seem to fit here.
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Mattie
1 year ago
Easy peasy, the answer is C) Economic. I mean, who wouldn't want to get the best bang for their buck, right? That's the whole point of being a not-for-profit, isn't it?
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Rebbeca
1 year ago
But what about being effective? Wouldn't that also be important for a not-for-profit organization?
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Yvonne
1 year ago
Hmm, this one's a tricky one. I think the answer is C) Economic, because the organization is focused on acquiring resources as cheaply as possible, which aligns with the concept of being economical.
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Georgiann
1 year ago
I'm not sure, but I think D) Enterprising could also be a possibility if the organization is being innovative in acquiring resources.
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Franklyn
1 year ago
I agree with C) Economic, it makes sense that the organization is being cost-effective in acquiring resources.
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Mabel
1 year ago
I would go with B) Effective, as it implies the organization is achieving its goals with the resources it has.
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Ngoc
1 year ago
I think the answer is A) Efficient, because it means the organization is using resources in the best way possible.
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Elsa
1 year ago
I agree with Harrison, being efficient means acquiring resources cheaply.
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Harrison
1 year ago
I think the answer is A) Efficient.
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