Information that a manager need to make a decision
What is the various information that a manager need to make a decision?
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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.
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Briefly illustrate the general role of accounting?
Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
What do you mean by the term Understandability which is accounting information?
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
Operating Budgets: It is a financial document which aids a business in making significant decisions regarding its actions. An operating budget does not contain instant impact on the actual state of the business and exhibits only future projections. Bu
How have you observed the regulations which affect both your industry and your accounting place?
1. Contribution After Marketing Assume that the sales forecast for brand TOJO is 160,000 units, and that you expect to sell 50% of these units through mass merchandisers,
Write down a short note on the Performance evaluation and control in decision making process?
Write down a short note on the developing objectives and plans in decision making process?
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