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Q. Show the Budgetary planning ?
A budget is a forecast and quantified plan of action. Budgetary planning creates a budget like a part of the planning process for the organisation. Budgetary control compares the budgeted results as a yardstick or target to actual results, to obtain any variances or deviations from the plan, this process of comparison can be used to take control action and bring actual results in line with the plan.
Budgets may assist in authorising expenditure, communicating plans andobjectives, controlling operations, coordinating activities and evaluating performance, planning and rewarding performance. Often reward systems involve comparison of actual with budgeted performance.
A transport company must collect and deliver loads from and to various locations along a straight road (call it the x -axis). The truck must start and end each day at the origin (t
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Q. Benefits of shared service centres ? ¸ Economies of scale e.g. sharing overhead of a centralised function or process across divisions in the same group, it avoids divisions
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Q. Divisional structures – product organisation? The functional structure is normally adopted by an entrepreneurial structure e.g. small business, because the organisation grow
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