Differentiate between efficiency audit,economy audit and effectiveness audit??
Efficiency me hum cost benefit analysis dekhenge
Economy me hm procurement of Raw materials spares etc.
Effective me hm jo kaam h vo Shi samay pr ho Ra h kya aur his purpose k liye pese use krne te Usme use hui kya
Economical —- to check whether resources are aquired at lowest possible prices and in appropriate quantity (not in excess)
Effcicency —- to check utilisation of resources , whether productivity is good, to check input output ratio , final product product per kg of raw material and per labour and per machine should be maximum
Effectivness — Quality of Product / Usability of Product / Durability / Time involved in producing and Delivery is checked