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Budgetary Control According to brown and Howard
According to brown and Howard," budgetary control is a system of controlling costs which includes the preparation of budget coordinating the department and establishing responsibilities comparing actual performance with the budget and acting upon results to achieve maximum profitability.
Marketing refers to the promotion of products, especially advertising and branding. But marketing includes product management, pricing, prom
What is the Scope of Waste heat boilers This specification covers the minimum requirements for the design, material selections, fabrication, testing and inspection of shop- / o
definition and illustrations
Number of Operating Cycles: The number of operating cycles in a period is determined by dividing the number of days in a year i.e.365 by the length of net operating cycle. Express
explain briefly variable cost, fixed cost and semi- variable in the production cost of a productor service, giving example for each
The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of purchas
Analysis Various business decisions have recurrent themes: whether to the outsource production or to the support functions, what level of production and pricing to establish, w
A manufacturing company needs 2500 units of a particular component every year. The company buys it at the rate of Rs. 30 per unit. The order processing cost for this part
Dynamic programming It is an extension which finds solutions to problems involving a number of decisions which have to be made sequentially. For example, the amount of a produc
Chicken and Hawk (dove game) Two players meet at a one-lane bridge and each must choose whether to cross first or wait for the other. If both play Tough (T), they crash in the
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