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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.
Q. Explain Activity based management? Activity based management (ABM) is about satisfying customers whilst making fewer demands on internal resources. The aim is that once cos
An electronics firm is presently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.00 per unit. Fixed costs are$14,000 per month. present
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Explain What still matters in strategic management lies in the value of planning? Ans) There is an old saying that if you fail to plan, you are planning to fail. By acting on th
Items purchased from a vender cost $20 every, and the forecast for the next year's require is 1,000 units. The cost of placing an order is estimated to be $5 each time an order is
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