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What are the Features of zero base budgeting
1) Manager of a decision unit has to completely justify why there should be at all any budget allotment for his derision unit. This justification is to be made a fresh without marking reference to previous level of spending in his department.
2) Activities are identified in decision packages
3) Decision packages are ranked in order of priority
4) Packages are evaluated by systematic analysis
5) Under this approach there exists a frank relationship between superior and subordinates. Management agrees to fund for a specified service and manager of the decision unit clearly accepts to deliver the service
6) Decision packages are liked with corporate objectives which are clearly laid down
7) Available resources are directed towards alternatives in order of priority to ensure optimum results
Phases of product life cycle The life cycle of a product having of four phases viz., introduction growth maturity decline during introduction phase a product is launched into
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I have two problems due in two hours can you do this for me?
any accounting concept brifely explen
How marginal costing would improve the problems faced in absorption costing on manipulation of profits.
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