Product Level Activities Definition
Sana Ahmed Product Level Activities Definition: Activities that relate to specific products that must be carried out regardless of how many units are produced and sold or batches run.
Profitability Index Definition
Profitability Index Definition: Profitability index is the ratio of the present value of a project's cash inflows to the investment required.
Principles of Management Definition
Rubab Ali Principles of Management Definition: Principles of management are fundamental rules of management that could be taught in schools and applied in all organizational situations. Fayol's 14 Principles of Management: Division…
Step Variable Cost Definition
Shamsa Rafique Step Variable Cost Definition: A cost (such as the cost of a maintenance worker) that is obtainable only in large chunks and that increases and decreases only in response to…
Step Method Definition
Step Method Definition: The allocation of a service department's costs to other service departments, as well as to operating departments, in a sequential manner. The sequence starts with the service…
Statistical Process Control Definition
Statistical Process Control Definition: A charting technique used to monitor the quality of work being done in a workstation for the purpose of immediately correcting any problem.
Cash Discount Definition
Cash Discount Definition: It is an allowance or deduction allowance by a creditors to a debtor. In other words, cash discount is an allowance made by the supplier or creditor…
Static Budget Definition
Static Budget Definition: A budget designed for only one level of activity.
Prevention Cost Definition
Prevention Cost Definition: Prevention costs are those costs that are incurred to keep defects from occurring.
Strong Culture Definition
Abida Rehman Strong Culture Definition: Organizations in which the key values are intensely held and widely shared.
Standard Quantity Per Unit Definition
Standard Quantity Per Unit Definition: The amount of materials that should be required to complete a single unit of product, including allowances for normal waste, spoilage, rejects, and similar inefficiencies.
Prevention Cost Definition
Prevention Cost Definition: Prevention costs are those costs that are incurred to keep defects from occurring.
Standard Quantity Allowed Definition
Standard Quantity Allowed Definition: The amount of materials that should have been used to complete the period's output as computed by multiplying the actual number of units produced by the…
Sub-optimization Definition
Sub-optimization Definition: An overall level of profitability that is less than a segment or a company is capable of earning.
Standard Hours Per Unit Definition
Standard Hours Per Unit Definition: The amount of labor time that should be required to complete a single unit of product, including allowances for breaks, machine downtime, cleanup, rejects, and…
Preference Decision Definition
Preference Decision Definition: Preference decision is a decision as to which of several competing acceptable investment proposals is best.
Standard Hours Allowed Definition
Standard Hours Allowed Definition: The time that should have been taken to complete the period's output as computed by multiplying the actual number of units produced by the standard hours…