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Conditions necessary in a control cycle
There are four necessary conditions that must be satisfied before any system can be said to be controlled. Such are as follows:
(1) Objective of the process being controlled must exist
(2) The output of the procedure should be measurable in terms of the dimensions defined by the objective.
(3) A predictive model of the process being controlled is required so that causes for the non-attainment of objective can be identified and proposed corrective action analyzed.
(4) There should be potential of taking action therefore deviation of attainment from objective can be reduced.
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briefly discuss five characteristics of relevant cost
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Conduct a time series analysis base on the three years accounting ratios
Monitor Let's start by having you think about the controlling your car (aka "driving")! Your steering, acceleration, and braking are not the random things to be done; they are
meaning of group replacement policy
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The firm's require holding cash may be attributed to the three motives specified below: The transaction motive The precautionary motive The speculative motive.
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