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In the context of managing performance in 'not for profit' organisations, which of the following definitions is incorrect? A. Value for money means providing a service in a way which is economical, efficient and effective. B. Economy means doing things cheaply: not spending £2 when the same thing can be bought for £1. C. Effectiveness means doing the right things: spending funds so as to achieve the organisation's objectives. D. Efficiency means doing things quickly: minimising the amount of time that is spent on a given activity. |