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Relation between Accounting and Economics. Accounting and economics relates to each other in the way that both of them consider the effective and efficient use of resources, particularly when they are scare, and also maximizing the wealth. However, Accounting is the activity which provide information to the owner of the business firm, effective and efficient use of resources and maximization of the wealth of the owner of the firm, While economics does all the activities for the nation and not for an individual.
Yes, organizations can be efficient, but ineffective. Efficient means that they have little waste. Effective means that they are good at what they do.
Internal control systems are control procedures put in place by the management of an organisation to ensure efficient and effective operation of her activities, so as to meet the organisation's objectives.
The disadvantage of using the pastel accounting software is that it is costly and difficult to run for the non-accountants. The advantage is that it is very efficient and simplifies most of the accounting tasks.
How does cost accounting contribute to the effective and efficient management of and industrial establishment
computer maintenance is essential for effective and efficient management in an organization computer maintenance is essential for effective and efficient management in an organization computer maintenance is essential for effective and efficient management in an organization
The effective management fires for the slightest infraction; the efficient management cuts pay at every opportunity.
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1.6 scope and limitation of the study:
There are many great importance reasons for the management of material. This management leads to more effective and efficient decisions.
There are many great importance reasons for the management of material. This management leads to more effective and efficient decisions.
Management is about being effective and efficient thus, society's resources will be utilized and allocated properly if management principles are applied.
Relation between Accounting and Economics. Accounting and economics relates to each other in the way that both of them consider the effective and efficient use of resources, particularly when they are scare, and also maximizing the wealth. However, Accounting is the activity which provide information to the owner of the business firm, effective and efficient use of resources and maximization of the wealth of the owner of the firm, While economics does all the activities for the nation and not for an individual.
A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.
A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.
The fundamentals of management will provide a set of functions which will be used in utilization of resources. This is what promotes efficient and effective production in an organization.