Key performance indicators or KPI
What do you mean by the term key performance indicators or KPI? Explain in brief?
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Key performance indicators or KPIs: These comprise the traditional financial measures like return on capital used. KPIs now, though, usually comprise a significant proportion of non-financial indicators to aid assess the prospects of long-term success. To assist decision making, the management accountant has rousingly shouldered responsibility for reporting the non-financial measures concerning quality, product innovation, product cycle times, delivery times and so forth.
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Activity Analysis: The identification and explanation of activities in an association. The activity analysis comprises determining what activities are completed within a department and how many people execute the activities, how much
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
Q : Classification of costs with examples describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
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The U.S. market for rice is illustrated below. The world pric
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