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Explain Ranking of decision packages - zero base budgeting
Ranking of decision packages: by ranking the decision packages a company will be able to weed out a lot of marginal efforts. The scarce resources of organization should be directed to most promising line only. Ranking implies determining the priorities among the available decision packages. Ranking of decision packages is an important exercise and should be attempted only by those who have the requires knowledge and experience. Initial ranking can be conducted by sectional managers and it can afterwards be reviewed by a committee including the departmental heads. A decision package is ranked keeping the following points in view:
Necessity of introducing programmers
Technical competence of company for attempting the programmers
Economic benefit analysis relating programmers
Study of risk involved in abandoning the programmer
What are the Changing role of management accounting 1. Focus on customer scarification: customer satisfactions are continuously gaining high priority in management thinking i
solutions for (POS) slow printing of sales tickets and unpredictable action of cash drawers. when credit approvals delayed the checkout process or when the computer was down, thus
literature review of effects of working capital on financial performance?
REGRESSION ANALYSIS A regression equation identifies an estimated relationship between a dependent variable (the cost) and one or more independent variables (the cost driver).
Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?
define budget control system
Cash discount is given to buyers to bring them to make prompt payment. The credit terms identify the percentage discount and the period throughout which it is obtainable. Liberal c
The least-cost method The process is described as follows: Assign as much as possible to the variable with the least unit cost in the whole tableau. (Ties are broken randomly).
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
Trinco Ltd (Trinidad & Tobago-T&T) has been negotiating a contract with a potential customer in Jamaica. Before the negotiations started the Jamaican company agreed to pay $10,000
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