Why wealth creation is a longer-term concept
Write a short note on why wealth creation is a longer-term concept?
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At mainly relates not just to this year’s gain however to that of future years also. In short term, corners can be cut and risks taken which enhance present gain at the expense of future gain.
What do you mean by the term Comparability which is accounting information?
What are the various factors which occurred due to the changing business landscape?
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
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 are Arrears? And what are the conditions to make Arrears?
Partnership: Whenever two or more persons enter into an agreement to take on business and share its gain and losses, it is a condition of partnership. It can also define as: "Partnership is the relation among persons and who have granted to share the
describe how costs can be classified giving examples in each classification. explain how the different cost classifications can assist management in decision making
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
What do you mean by the term position analysis in a business? Briefly illustrate it.
A partnership is stated as ‘the relationship which subsists among persons carrying on business in common with a view togain or profit’
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