Explain the term- quality of decisions, Financial Management

Explain the term- quality of decisions

Performance and business risk

This is focussed on "quality of decisions".

The comparison of an organisations performance with the others is a very important part of performance measurement, identifying organisations (not necessarily in the same industry as 'yard stick 'for which performance can be compared to. Board should identify the key risk  areas  and  key  performance  indicators  of  business  and  continually  monitor  and compare these to improve business processes and help safeguard against any impact by competitors.  Management  make  detailed  reports  on  these  benchmarks  to the  board  to  help them carry out this monitoring process.

 

Posted Date: 9/3/2013 2:05:05 AM | Location : United States







Related Discussions:- Explain the term- quality of decisions, Assignment Help, Ask Question on Explain the term- quality of decisions, Get Answer, Expert's Help, Explain the term- quality of decisions Discussions

Write discussion on Explain the term- quality of decisions
Your posts are moderated
Related Questions
Source documents of an accounting system: Source documents are those documents that identify the particular transaction that is being recorded.  They act as an internal control


Event-Driven Strategies : These strategies are solely focus on events of corporate life cycle for investing. They involve significant opportunities created by corporate events such

What is the primary assumption behind the experience approach to forecasting? The experience act to forecasting is based on the assumption that things will happen a certain way


FIXED ASSETS                          200 000                       LONG TERM LIABILITIES CURRENT ASSETS CASH             40 000                       LOAN

Employee Benefit Plan - Compensation arrangement, usually in writing, used by employers in addition to wages or salary. Some plans like group term life insurance, medical insuranc

Q. Explain Traditional Method of Measurement? Computation of yield to measure a financial asset's return is the simplest and oldest technique of measurement. Yield can be find

What are the Measures of growth Sales or market share Number of products or markets Employees Profit Number of retail stores

Activity Ratio's   RT:           The Receivables Turnover ratio is the ratio between sales to accounts receivables. This says exactly how fast a company can collect on the s