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What is meant by the term exception reporting? What are the advantages and the drawbacks of this type of reporting?
Exception reports concentrate onto what has not gone as per plan, the idea being which things going as per plan is what is supposed to occur and therefore can be assumed unless informed otherwise. The great benefit of exception reporting is that this makes for short, succinct reports which focus management’s attention where this must be on what is going wrong. Though, due to this, pure exception reporting tends to suppose a rather negative cast and the recipients of the reports will acquire the impression which everything is going wrong – since that is all they are told regarding! Therefore, most managers tend to depart by the pure exception format to emphasise the achievements, and also the problems, of their team.
Calculate the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.
what are the examples of business economics.
QUESTION (a) What are the characteristics of command and market economies? (b) In a number of countries in recent years, there has been a movement towards a greater reliance
1. Three clients of Disrup, Ltd P, Q and R are direct competitors in the retail business. In the first week of the year P had 300 customers Q had 250 customers and R had 200 custom
Define the aggregate price level in the macroeconomics. Aggregate Price Level: A nominal measure is a measure which has not been adjusted for modifications into prices
How does resource enhancement improve development? Enhancements in the quantity and quality of resources increases productivity hence incomes. Enhanced management raises outpu
What is the Monterrey Consensus? The World Bank estimates aid should increase by $50bn to resource the main aim of the Millennium Development Goals: containing the number of p
what is the immigration surplus?
Is an unequal distribution of income and wealth a problem? Explain in short. Yes: because specified no government intervention, which on very low incomes cannot afford necessar
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