Balancing risk and return
What do you mean by the term balancing risk and return? Explain in brief?
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All decision making process comprises the future. We can just make decisions regarding the future; no matter how much we might regret it, we can’t modify the past. Business decision making is no exception to this common rule. There is just one thing certain regarding the future, which is that we can’t be sure what is going to occur. At times we might be capable to predict with confidence that what really takes place will be one of a limited range of the possibilities.
Cost Accounting Practice: Any disclosed or recognized accounting process or technique that is used for the measurement of cost, assignment of cost to cost objects and assignment of cost to accounting periods.
Write down a short note on the developing objectives and plans in decision making process?
What are the various Calls in Arrears? Describe it.
Value-Added Activity: An activity which is judged to contribute to customer value or gratify an organizational requirement. The characteristic "value-added" reflects a belief that the activity can’t be removed without decreasing
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.
The increase in value that the owner of a capital asset receives when the asset is sold. The owner pays tax on that gain or increases, at a lower rate if the assets that are sold are capital asset, such as factory buildings, rather than assets that are sold in the nor
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
Investor Accounting: It is an individual who commits money to investment products with the hope of financial return. Usually, the primary concern of an investor is to diminish risk whereas maximizing return, as opposed to a speculator, who is willing
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
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
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