Efficiency vs Effectiness?

[Minhhung143]

Dear experts,

I have a problem in using 'efficiency' and 'effectiness'. Can you explain me about the difference and when they're used ?

Thank you

[Mister Micawber]

'Efficiency' is a measure of how well time, materials, labor, etc is used.
'Effectiveness' is a measure of success.
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Native English teacher at Mister Micawber's

[Minhhung143]

Oh I still have a question about the difference between 'allowance' and 'pension' (in finance/accounting). And when do they use ?

[Hieupt]

According to dictionary:
- 'allowance': money that you are given regularly, especially to pay for a particular thing
- 'pension': a sum of money paid regularly by the government or a private company to a person who does not work any more because they are too old or they have become ill

Ex:
They find it hard to live on their state pension.
I couldn't have managed at college if I hadn't had an allowance from my parents.
The perks of the job include a company pension scheme and a generous travel allowance.
_________________
Thank you very much,
Hieu Phan.

P/s: Please just correct if I'm wrong somewhere!

[Minhhung143]

Er, but I think 'allowance' means similar to 'grant' that a government can give something (like money) to employees who are no longer working as 'post-employees'; and 'pension' is used for employees who have been working.

My idea is wrong or right ?

[Hieupt]

Well, when working for a company, if you are requested to go overseas for a business trip, the company then will give an amount of money for the food and transportation... which is called "allowance".

For working people, you have to pay monthly for social insurance and then, when you are no longer work, means "retired" legally, the government will give you an amount of money every month, called "pension".

That's all I can say! We may also need the help for the English experts! :-)
_________________
Thank you very much,
Hieu Phan.

P/s: Please just correct if I'm wrong somewhere!

[Minhhung143]

[Hieupt]

Sure! I'm a Vietnamese living in HCM city! You can reach me via Facebook, look for "hieu.phanthanh@gmail.com" :-)
_________________
Thank you very much,
Hieu Phan.

P/s: Please just correct if I'm wrong somewhere!

[Minhhung143]

Hey! I am, too. I've been living in HCMC! I've been working at an audit firm for 2 yrs, my e-mail is "minhhung1403@gmail.com" and its on Facebook, how about your work ?