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Explain decision unit - zero base budgeting
Decision units: an organization is divided among decision units. The manager of the decision unit justifies the relative budget proposal. Any of the bases may be adopted for dividing the organization among the decision units
The division of organization among its decision unit should be logically links with organizational objectives. Zero base budgeting is a result oriented technique and division of organization among decision units should be in line with its objects.
Objectives of ratio analysis 1) Measuring the profitability: we can measure the profitability of the business by calculation gross profit net profit expenses ratio and other.
Laplace Criterion of Rationality This criterion holds that if decision makers do not know the probabilities of the various states of nature and have no reason to think otherwis
Illustrate the concept of Cost The term cost indicates the amount of expenditure (actual or national) incurred on, or attributable to, a specified thing or thing or cost unit.
Vogel's Approximation Method (VAM) This method is a heuristic and usually provides a better starting solution than the two methods described above. However, VAM generally yield
Question 1: (a) Discuss the main features and problems which Mauritius has to face as a small island developing country. (b) What are the factors which have led to the f
EXTRA SHIFT DECISION These decisions are concerned with whether or not a company should work for 8 hrs, 16hrs, or 24 hrs a day or week days only or weekends also. The factors
Identify the ways in which Total Productive Maintenance could be applied as part of a manufacturing organisation''s quality programme
Financial planning programs Such programs differ in complexity. Some simple programs can include only those variables discussed while other more complicated ones can include an
2x2+8x-m3 = 0
Describe Financial budgets Financial budgets: financial budgets are concerned with cash receipts and disbursements working capital expenditure financial position and business o
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