economicitate

English translation: economic efficiency; cost-effectiveness

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Romanian term or phrase:economicitate
English translation:economic efficiency; cost-effectiveness
Entered by: Cosmin Băduleţeanu

15:29 Apr 7, 2013
Romanian to English translations [PRO]
Bus/Financial - Finance (general) / auditing
Romanian term or phrase: economicitate
Unul din scopurile urmărite într-o misiune de audit:

"Economicitatea, eficienţa şi eficacitatea cheltuielilor efectuate de ..., precum şi respectarea reglementărilor locale ... "
Cosmin Băduleţeanu
Romania
Local time: 13:53
economic efficiency
Explanation:
What is the Difference between Efficiency and Effectiveness

This definition suggests that efficiency in ODL is concerned not only with resources (materials, labour, equipment and the costs associated with them), but also with what is produced (courses, study materials or student enrolments). It also highlights two different ways of achieving greater efficiency. On the one hand, we can try to reduce the costs incurred to provide the same level of educational services for a given number of students; this is referred to as economic efficiency. On the other hand, the term production efficiency is used to refer to producing more goods or services without incurring additional costs (or, at least, without increasing costs at the same rate).

http://wikieducator.org/Cost_and_Financing_in_Open_Schooling...
Selected response from:

mihaela.
Canada
Local time: 04:53
Grading comment
Mulţumesc, Mihaela!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1economy/(whether the expenditures were spent) economically
Annamaria Amik
4thrift
Angela Öhrman
4economic efficiency
mihaela.


Discussion entries: 3





  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
thrift


Explanation:
A fi economicos /cumpåtat

Angela Öhrman
Sweden
Local time: 12:53
Native speaker of: Romanian
PRO pts in category: 16
Login to enter a peer comment (or grade)

27 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
economy/(whether the expenditures were spent) economically


Explanation:
http://facilitatedcontrols.com/internal-auditing/spiacoso.sh...
At guideline 300.05 the SPPIA states that the primary objective of internal controls is to provide reasonable assurance to managers that:
...
4. Resources are used economically and efficiently;

http://www.sfasu.edu/audit/auditing.asp
Economical and Efficient Use of Resources
Internal auditors should appraise the economy and efficiency with which resources are employed.


Annamaria Amik
Local time: 13:53
Specializes in field
Native speaker of: Native in HungarianHungarian, Native in RomanianRomanian
PRO pts in category: 264

Peer comments on this answer (and responses from the answerer)
agree  wordbridge
14 hrs
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1 day 6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
economic efficiency


Explanation:
What is the Difference between Efficiency and Effectiveness

This definition suggests that efficiency in ODL is concerned not only with resources (materials, labour, equipment and the costs associated with them), but also with what is produced (courses, study materials or student enrolments). It also highlights two different ways of achieving greater efficiency. On the one hand, we can try to reduce the costs incurred to provide the same level of educational services for a given number of students; this is referred to as economic efficiency. On the other hand, the term production efficiency is used to refer to producing more goods or services without incurring additional costs (or, at least, without increasing costs at the same rate).

http://wikieducator.org/Cost_and_Financing_in_Open_Schooling...


mihaela.
Canada
Local time: 04:53
Native speaker of: Romanian
PRO pts in category: 12
Grading comment
Mulţumesc, Mihaela!
Login to enter a peer comment (or grade)



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