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.
Why you want to be an accountant? Normal 0 false
Actual Cost: It is the amount (sum) determined on the basis of cost acquired involving standard cost appropriately adjusted for the applicable variance.
Write a short note on selecting strategic options and formulating the plans?
Cost Driver: Any factor which causes a modification in the cost of an action or output. For illustration, the quality of portions received by an activity, or the degree of complexity of tax returns to be evaluated by the IRS.
Corporate Tax: It is a levy placed on the gain of a firm, with different rates employed for various levels of gains. Corporate taxes are the taxes against profits earned by businesses throughout a given taxable period; they are usually applied to comp
Normal 0
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
What do you mean by the term balancing risk and return? Explain in brief?
discuss the limitations of human relations approaches to management
Write a short note on Not-for-profit organizations?
18,76,764
1932845 Asked
3,689
Active Tutors
1442871
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!