BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dollar Control
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Unit Control
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Stock Turnover
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Stock lists
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Detailed explanation-1: -Cost control is the process of collecting actual costs and collating them in a format to allow comparison with project budgets. Cost control is necessary to keep a record of monetary expenditure for purposes such as: minimising cost where possible; revealing areas of cost overspend.
Detailed explanation-2: -The Use of the Master Budget The master budget summarizes projected activity by way of a cash budget, budgeted income statement and budgeted balance sheet. Most master budgets include interrelated budgets from the various departments. Managers typically use these subset budgets to plan and set performance objectives.
Detailed explanation-3: -What Is Program-Based Budgeting? Program-Based Budgeting is a budgeting tool where all budgetary information is organized. around the City’s programs and services. The budget will show the costs of the program, the. revenues that the program generates, as well as showing a way to evaluate the program’s.
Detailed explanation-4: -The three types of budgets are a surplus budget, a balanced budget, and a deficit budget. The state budget is a financial document including income and expenditure for the year. An income-and expense-based spending plan is referred to as a budget.