Information that a manager need to make a decision
What is the various information that a manager need to make a decision?
Expert
The managers might require information to help them decide whether to:
a) Develop new products or services (as with the computer manufacturer developing a latest range of computers).
b) Raise or reduce the price or quantity of existing services or products.
c) Borrow money to help the financial condition of the business.
d) Raise or reduce the operating capacity of the business.
Normal 0
Write down a short note on the developing objectives and plans in decision making process?
Estimated Cost: The procedure of projecting a future outcome in terms of cost, based on information accessible at the time. The estimated costs, instead of actual costs, are at times the basis for credits to work-in-process accounts a
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
A company has production facilities in several countries. Some of the products they sell are produced in stages (Raw Materials -> Pre-Assembly -> Assembly -> Finished Product) based on the technologies and materials involved (see Table 1). Q : Explain Standard Costing Standard Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
How to make a VAT entry in books including set off?
Accounts used in governmental accounting to record the budget amounts but not the actual amount. For example, at the beginning of the accounting period, the planned amount of tax revenue, revenue from license, and inflows from fines would be recorded as one amount in
18,76,764
1926819 Asked
3,689
Active Tutors
1442132
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!