- 12 Marks
FM – MAY 2019 – L2 – Q1a – Introduction to Financial Management
Suggest financial, economy, efficiency, and effectiveness measures for evaluating a library project by Adenta Municipal Assembly.
Question
Adenta Municipal Assembly (AdMA) has established an ultra-modern library and internet facility for its inhabitants. It intends to subsidize the costs of using this facility for its inhabitants. This facility is to be evaluated by the local assembly (AdMA) to assess amongst other things, whether it is financially sound and offers value for money.
Required:
Suggest THREE (3) appropriate measures each of Financial, Economy, Efficiency, and Effectiveness that could be set for the facility based on targets. (12 marks)
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