Why most of the larger businesses are not managed
Why most of the larger businesses are not managed as the single unit through one manager?
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The three common reasons which are responsible are as follows:
a) Sheer volume of activity or number of employees employed makes it unfeasible for one person to administer them.
b) Several business operations might need specialized knowledge or expertise.
c) Geographical remoteness of portion of the business operations might make it more practical to administer each location as a separate section or set of separate sections.
What do you mean by the term key performance indicators or KPI? Explain in brief?
The first section of the statement of cash-flow. Cash flows from operating activities include transactions (involving cash) that relate to the normal busi- ness activities of the entity. Cash-flows in this section usually involve cash and other current asset or curren
Normal 0
Write down the different techniques employed to liberate the function of management accounting?
Job Order Costing: A technique of cost accounting which accrued costs for individual jobs or lots. A job might be a service or manufactured item, like the repair of tools or the treatment of a patient in the hospital.
Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
Controllable Cost: A cost which can be influenced by the action of responsible manager. The word always refers to a particular manager as all costs are controllable by somebody.
Cost Allocation: This is a technique of assigning costs to activities, outputs, or other cost objects. The allocation base employed to assign a cost to objects is not essentially the cause of the cost. For illustration, assigning the
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
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