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Introduction to Performance Evaluation
Performance evaluation deals with the area of MA that is concerned with:
1) Holding individual managers responsible for certain aspects of the organizational performance.
2) Making them accountable by producing regular performance reports relating to matters for which they are responsible.
3) Motivating managers to achieve better results by setting targets for performance, judging actual results against targets and rewarding good performers.
4) Giving managers control information to enable them to make decisions about improving their performance.There are two interrelated aspects involved and these are:
1) Giving managers authority to make decisions and holding them responsible for the exercise of that authority. This is termed to as decentralization.
2) Defining a system of accountability by which to judge how the authority has been used and the responsibility carried out. This is termed to as responsibility accounting.
Funded debt to total capitalization ratio The ratio establishes a link among the long term funds raised from outsider and total long term funds available in the business. The
Decision-making is an integral part of all management functions. It is the process of choosing the among alternative courses of action. Managers have to
x+2y+3z=6 2x+4y+z=7 3x+2y+9z=14
You are required to provide a report of approx 500 words or less (excluding attachments and references), accompanied by relevant calculations, in MS Word, MS Excel and/or PDF forma
Define performance budgeting according U.S. bureau of budget U.S. bureau of budget defines performance budget as one which presents purposes and objectives for which funds are
Just-in Time (JIT) Inventory management JIT is a system whose purpose is to generate or to purchase products or components as they are required by customers or for use rather
Transfer Pricing Transfer pricing can contribute directly to the process of departmental performance measurement and indirectly to the measurement of product performance. A
Intra company transfer pricing A company engaged in production may have several segments division or departments doing production jobs or manufacturing party or fully finished
The president expects sales to increase by 12% next year. By how much should net operating income increase? Sales $2,000,000 Variable expenses 1,000
solution to problem 2-23,T-Accounts;applied overhead of Kleinman Company is a manufacturing firm and employess a job-order costing system.
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