Major tasks of board that runs the organization
Write down a short note on the major tasks of board that runs the organization?
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The three major tasks of the board are as follows:
a) Setting the on the whole direction and policy for the business;b) Controlling and monitoring the actions of the business; c) Communicating with share-holders and others joined with the business.
Fixed Cost: The cost which does not differ in the short term with the volume of action. Fixed cost information is helpful for cost savings by regulating existing capacity, or by removing idle facilities. Also termed as Non-Variable Cost or the Constan
What do you mean by the term key performance indicators or KPI? Explain in brief?
The amount of interest that an organization would have avoided if it had not made the expenditures for an asset. Avoidable interest is calculated when an entity is self- constructing an asset. The cost of the asset can include material, labor, and overhead plus some interest. The c
Traceability: The capability to assign a cost directly to a particular activity or cost object by identifying or observing particular resources used by the activity or cost object.
Write down a short note on the benefit of economic in accounting management information?
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
The U.S. market for rice is illustrated below. The world pric
Write a short note on the main working areas of the Finance department?
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.
under gantt's bonus plan, no bonus is payable to the worker if is effeciency is less than how much?
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