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.
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Write down a short note on determining costs and benefits in decision making process?
Limited partnerships: Limited partnerships are an alternative to limited liability companies because of their simplicity. All the states encompass passed limited partnership legislation.A limited partn
In the deficiency of a partnership deed, how are mutual relations of partners managed? Answer: In the absence of Partnership deed, the mutual relations are managed b
Write a brief note on the things which Weaknesses comprises?
Normal 0
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
Managerial Cost Accounting System: The organization and processes, whether automated or not, and whether portion of the general ledger or stand-alone, which accumulates and reports constant and trustworthy cost information and perform
What are the various Calls in Arrears? Describe it.
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;
18,76,764
1946761 Asked
3,689
Active Tutors
1434906
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!