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Ranking of Decision Packages
The ranking procedure is employed to establish a rank priority of decision packages in the organization. Throughout the ranking procedure managers and their staff will examine each of the numerous decision package alternatives. The analysis permits the manager to choose the one alternative which has the greatest potential for attaining the objective(s) of the decision package. Ranking is a manner of computing all decision packages in relation to each other. As, there are any numbers of ways to rank decision packages; managers will no doubt employ different techniques of ranking. The major point is that the ranking of decision packages is a significant procedure of ZBB.
A cash budget is one of the main important devices to plan and control cash payments and receipts. In preparation of a cash budget the subsequent points are considered. Cred
Important steps of budgetary control There are certain steps which are essential for the successful implementation of a budgetary control system. They are as follows: 1) Or
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Explain the cost According to controllability: Controllable cost: this is a cost which can be inclined by the action of a specified member of an undertaking. The organization
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
LIFE CYCLE COSTING Introduction Life cycle costing as its name implies costs the cost object i.e., product project etc. over its projected life. It is used to explain a s
Do you think the food industry in general has equivocated on food labeling? Are all foods labeled natural in the same way? Has modern society subverted the concept of nature?
Difference between Direct labour and Indirect labour Direct labour:- Labour which plays an active and direct part in the production of a particular commodity is called di
bases of classifying budgets
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