An ECO Is the Same as an ECN

question 8

True/False

An ECO is the same as an ECN.

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Definitions:

Organisational Performance

A measure of how well an organization achieves its objectives and fulfills its mission.

Use Resources Efficiently

The practice of utilizing materials, time, and labor in a way that maximizes productivity and minimizes waste.

Generate Cash

The process of producing liquid assets through operational activities, investments, or financing mechanisms within an organization.

Organisational Budgets

Financial plans that outline an organization's projected income and expenditures over a specified period.