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.
The rights of each partner: Under the Partnership Act, partners have the right to: Share equally in profits and losses; Indemnity; Interest on advances; Interest on capital; Share in management of
The operating level at which the total sales revenue equals the total cost. Total sale revenue is equal to the price per unit times the number of units sold. Total cost equals total variable cost, the number of units sold in time the variable cost per unit and the tot
What do you mean by the term reaping the benefits of IT? Explain n brief?
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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.
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.
Why most of the larger businesses are not managed as the single unit through one manager?
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
What are Aging of Accounts? Briefly illustrate it.
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