Selecting strategic options and formulating the plans
Write a short note on selecting strategic options and formulating the plans?
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The business will choose what emerges to be the best of courses of action or policies obtainable. Whenever making a selection, the implications of the selection for the mission and goals must be considered as, at times, they might need some adjustment. The policies chosen will offer the general manner forward however a plan will be needed to specify the specific activities which must be taken. This on the whole plan will generally be broken down into a sequence of plans, one for each and every element of the business.
Outcome: The outcomes of a program activity as compared to its intended aims. Program outcomes might be computed in terms of service or product quality and quantity, customer satisfaction, and usefulness.
Write down the different techniques employed to liberate the function of management accounting?
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Cost Object (also referred to as Cost Objective): It is an activity, item, or output whose cost is to be computed. In a wide sense, a cost object can be an organizational division, task, a function, product, service, or a customer.
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