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.
Write a short note on the key areas which business objectives want to achieve?
Estimated Cost: The procedure of projecting a future outcome in terms of cost, based on information accessible at the time. The estimated costs, instead of actual costs, are at times the basis for credits to work-in-process accounts a
Cost or Benefit Analysis: The Cost-benefit analysis (abbreviated as CBA) is an analytical device for assessing and pros and cons of moving forward with the business proposal. It is a process by which business decis
Cost Avoidance: The action taken to decrease future costs, like replacing parts before they fail and cause harm to other portions. Cost avoidance might incur higher (or extra) costs in the short run however the final or life-cycle cost would be lower.
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
What do you mean by the term balancing risk and return? Explain in brief?
What are the various factors which occurred due to the changing business landscape?
Write down a short note on the developing objectives and plans in decision making process?
Q : Define Variance Variance : The rate, Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
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