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Describe Reck and Long's purchasing development model. Supply is now accepted as a more fundamental and strategic method when compared to purchasing. Twenty years ago Reck and
Organizing Which is the process of grouping resources and activities in a logical fashion. The function of organizing involves: grouping similar activities together (depa
Question: (a) An internal audit program (or schedule ) is prepared taking into consideration ‘the status and importance of the various processes and areas.' With reference to
What is the Man-Power Planning? Man-Power Planning: Man-power Planning is the planning completed in relation to the man-power resources or the human assets of enterprise.
Question 1: (a) Identify and explain the major roles of a Project Manager with illustrations where necessary. (b) Identify and Explain the different types of Project Organ
Failure Cost of failure may result from either internal failure or external failure. Internal failures are those that occur before the product is delivered, internal failure co
What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct
A udits Audits are independent examinations to determine whether processes and procedures achieve the specified objective. They are an essential tool to identify problem areas
VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000. First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Cost Rs
What is delegation of authority? Delegation: There is a restriction to what an individual can do single-handed. After a point, another person working within the organisat
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