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H i stograms are of five types. They are: B ell shaped: It can be applied for concepts such as average and standard deviation. D ouble peaked: It is used to com
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What is Cost Benefit Analysis? Cost Benefit Analysis: This analysis is a mathematical technique for decision-making. This is a quantitative technique used to calculate th
P o w e rful cost reduction The project cost accounting will track the quality-related costs which can be an important management tool. For example, suppose there are some
Seven process modules are placed on our model, and they represent the basic functions in the model. These process modules simulate important operations such as specifying wheel cha
Business losses per defect that happens during operation Business interruption costs; costs of work-arounds Lost sales and lost goodwill Litigation costs resulting from de
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Illustrate the method of On the Job Training for managers? Methods of ‘On – the Job Training’ for Managers are illustrated below: a. Experience: Under such method a person
Aggregate planning is an operational method that does an aggregate plan for the production procedure, in advance of 2 to 18 months, to provide an idea to management as to what amo
Question: (a) Describe cost benefit analysis as used to appraise large public sector investments. (b) Compare and contrast cost benefit analysis with investment appraisal.
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