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What are the Drawbacks of benchmarking
- Benchmarking systems and programmes can be costly and time consuming
- Diversity and complexity of information can 'overload 'management e.g. so much information; management can't see the wood through the trees.
- Obtaining information to actually undertake a BM exercise can be a problem e.g. historical, absent or out of date.
- Deciding who the 'best in a class 'is?
- Keeping staff motivated e.g. staff can be criticised and once they exceed standards the standard is normally raised.
- Confidential information could be leaked or compromised when shared.
Why do total assets equal the sum of total liabilities and equity? Explain. Assets = Liabilities + Equity Assets are the items of value that a business owns. Liabilities ar
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what is the cost of capital and advantages of it?
Q. Nature of the business? The working capital requirement of the firm basic depends upon the nature of the business. public utility undertaking like the water supply and rai
i want some presentation slides of this chapter from page 570 to 580
Determination of Credit Terms:- The second feature of receivable management, subsequent to setting the credit standards and assessment of credit worthiness of the customers, i
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discuss the applicabilty of the operating cycle in a vegetable growing business
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