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GRAPHICAL METHOD Graphical methods can be used in games with no saddle points and having pay off m X 2 or 2 X n matrix. The aim is to substitute a much simpler 2 X 2 matrix for
Explain TWO limitations of using accounting ratios to assess the performance of a firm and suggest how each limitation may be improved
Identify the ways in which Total Productive Maintenance could be applied as part of a manufacturing organisation''s quality programme
#Explore the behavioral aspects of budgeting#
what is cost bookkeeping
Significance points of Variance The following significant points must be kept in mind: Controllability: Controllability should also influence the decision whether t
Markov Properties 1) Transition probabilities are dependent only on the current state of the system i.e. provided that the current state is recognized; the conditional probabil
Bank guarantee is one of the facilities which the commercial banks extend in support of their clients in favour of third parties who will be the beneficiaries of the guarantees. In
Important steps of budgetary control There are certain steps which are essential for the successful implementation of a budgetary control system. They are as follows: 1) Or
CONTINUOUS PROBABILITY DISTRIBUTION (USE OF NORMAL DISTRIBUTION) In reality the C-V-P variables might take any values in a continuous range. It could therefore be more appropriat
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