Delegation of Authority Meaning, Definition, Need
Delegation of authority means giving authority to another person, to perform a particular task. Delegation is a process of sharing work and authority between a manager and subordinates.
Delegation of authority means giving authority to another person, to perform a particular task. Delegation is a process of sharing work and authority between a manager and subordinates.
Many theories have evolved to describe the different aspects of learning. These theories of learning are as follows:
Cost management is the process that involves planning, controlling, initiating and making decisions that improve the cost leadership of an organization.
Techniques of cost control are essential for businesses to maintain financial stability and achieve long-term success. By implementing techniques such as budgeting, optimizing procurement processes, efficient energy management, standard costing, effective labour management, and leveraging technology, organizations can effectively manage costs and improve their overall financial performance.Â
Table of Contents:- Flexible Budget Meaning A flexible budget consists of a series of budgets for different levels of activity. It, therefore, varies with the level of activity attained. A flexible budget is prepared after taking into consideration unforeseen changes in the conditions of the business. A flexible budget is defined as a budget that
Internal accruals form part of the means of finance in respect of expansion projects. An existing company that goes for an expansion (or diversification or modernization) project may opt to finance a portion of the capital investment out of internal cash accruals.