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Identification of decision packages - Zero base budgeting
Each manager should break down his decision unit into smaller decision packages. Top manager may lay down the minimum organizational level for developing decision packages. A decision package has been defined as a document that distinctly identifies a function operation or an activity. A decision package will be evolved with reference to particular circumstances. A decision packages should have following elements:
Basic identification of data, i.e., the economic benefits of attempting the program and risk involved in description of programmer goal.
Feasibility assessment i.e., the economic benefits of attempting the programs and risk involved in discarding the programmer
Alternative coursed of action for attempting the programmer
A decision unit may also specify intangible benefits i.e., benefits which cannot be identified
Kinematic Pair: A pair is a joint of two elements which permits relative motion. The relative motion among the elements of links that built a pair is needed to be fully constrain
what is nile's strategy for success in the marketplace ?
What are the factors which led to the development of ABC: 1) Traditional costing fails to capture cause and effect relationship 2) Traditional costing often fails to highlig
Characteristics of cost reduction 1) Cost reduction must be real : said through increase in productivity change in product design improvement in technology etc. 2) Cost r
Participative Budgets In this approach to budgeting, budgets are developed by lower level managers who then submit them to their superiors. The budgets depend on the lower level
Sources of Working Capital Finance Working capital finance may be classified in the subsequent: Spontaneous Source of Finance Finance that naturally arises in
EOQ mathematical model As costs of ordering and holding stock are equal at the EOQ point, we can build a simple mathematical model to solve the problem, as follows: (Q/ 2) X
Transition probabilities These are the probabilities of moving from one state to another in the next time period. Usually they are written in the form of a probability matrix.
How to write introduction on strategy plan
M/s ABC is seeing relaxing its collection efforts. At current its sales are as Rs.40 lakhs, the ACP is here 20 days and variable cost to sales ratio is .8 and bad debts are as .05
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