Define Opportunity Cost
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
Write down the scope of Management accounting?
Write a short note on the main working areas of the Routing and personnel department?
Responsibility Segment: A noteworthy organizational, functional, operational, or process component that has the characteristics as: (i) Its manager reports to the entity's top management;
Normal 0
Cost Assignment: A procedure which identifies costs with activities, outputs, or another cost objects. In a wide sense, costs can be assigned to activities, processes, products, organizational divisions, and services. There are three
Write down the different techniques employed to liberate the function of management accounting?
Write a short note on the relationship between risk and return?
Explain Management accounting as an information system in brief?
What does the difference between management accounting and financial accounting suggest?
Write a short note on the main working areas of the Marketing department?
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