Omnipotent View of Management Definition
Sana Ahmed Omnipotent View of Management Definition: Omnipotent view of management is the view that managers are directly responsible for an organization's success or failure.
Linear Programming Techniques-General Observations
Linear Programming Techniques-General Observations: The maximization and minimization studies, together with the exercises and presented in this section, are realistic examples of the types of problems management faces. By maximizing…
Linear Programming Solved Problems
Linear Programming Solved Problems: This page is under construction, Solved problems about linear programming will be available soon. Sorry for any inconvenience. You may also be interested in other articles…
Linear Programming and Maximization of Contribution Margin – Simplex Method
Linear Programming and Maximization of Contribution Margin - Simplex Method: Learning Objective of the Article: Define and explain linear programming simplex method. How a profit maximization problem is solved using…
Linear Programming Questions and Answers
Linear Programming Questions and Answers: Questions: Q:1 Define and discuss the linear programming technique, including assumptions of linear programming and accounting data used therein. See answer. Q:2 What is meant…
Linear Programming and Minimization of Cost-Graphical Method
Linear Programming and Minimization of Cost-Graphical Method: Linear programming graphical method can be applied to minimization problems in the same manner as illustrated on maximization example page. An example can…
Linear Programming and Maximization of Contribution Margin – Graphical Method
Linear Programming and Maximization of Contribution Margin - Graphical Method: Learning Objective of the Article: Define and explain linear programming graphical method. How profit maximization problem is solved using linear…
Linear Programming – Minimization of Cost – Simplex Method
Linear Programming - Minimization of Cost - Simplex Method: Linear programming simplex method can be used in problems whose objective is to minimize the variable cost. An example can help…
Linear Programming Technique
Linear Programming Technique : After studying this chapter you should be able to: Definition and Explanation: Linear programming is a mathematical technique which permits determination of the best use of…
Line Definition
Line Definition: A position in an organization that is directly related to the achievement of the organization's basic objectives.
Defects/Limitations/Disadvantages of Single Entry System of Accounting
Defects/Limitations/Disadvantages of Single Entry System of Accounting: Learning Objectives: What are the limitations or disadvantages of single entry system of bookkeeping. The limitations or defects or disadvantages of single entry…
Limitations, Criticism or Disadvantage of Residual Income Method
Limitations, Criticism or Disadvantage of Residual Income Method: The residual income approach has one major disadvantage. It cannot be used to compare the performance of divisions of different sizes. You…
Limitations of Financial Statement Analysis
Limitations of Financial Statement Analysis: Although financial statement analysis is highly useful tool, it has two limitations. These two limitations involve the comparability of financial data between companies and the…
Limitations of Cost-Volume-Profit (CVP) Analysis
Limitations of Cost-Volume-Profit (CVP) Analysis: Cost volume profit (CVP) is a short run, marginal analysis: it assumes that unit variable costs and unit revenues are constant, which is appropriate for…
Advantages, Disadvantages and Limitations of Activity Based Costing (ABC) System
Advantages, Disadvantages and Limitations of Activity Based Costing (ABC) System: Learning Objectives: What are the advantages and disadvantages of activity based costing system? Contents: Advantages of activity based costing system…
Last In First Out (LIFO) Method Definition
Last In First Out (LIFO) Method Definition: A method that operates under the assumption that materials issued should carry the cost of the most recent purchase, although the physical flow…
Last In First Out (LIFO) – Materials and Inventory Costing Method
Last In First Out (LIFO) - Materials and Inventory Costing Method: Learning Objectives: Define and explain last in first out (LIFO) method. Give an example of LIFO costing method What…
Ledger
Ledger: Learning Objectives: Define and explain the term ledger. What are the main advantages of ledger? What is the difference between ledger and journal? Explain the method of posting. What…