Budget Definition: An estimate of costs‚ revenues‚ and resources over a specified period‚ reflecting a reading of future financial conditions and goals. One of the most important administrative tools‚ a budget serves also as a (1) plan of action for achieving quantified objectives‚ (2) standard for measuring performance‚ and (3) device for coping with foreseeable adverse situation. What is a budget and why is it important? Simply put‚ a budget is an itemized summary of likely income and expenses
Premium Cost Term Expense
Significance of the Problem The importance of the problem lies into: Pointing out the missed opportunities with this limited use of E-commerce for: Government: Enhancing exports‚ GDP‚ competition‚ reducing traffic problems and securing opportunities for small entrepreneurs. Retailers: Better customer tracking‚ lower fixed and operational costs‚ buying and selling 24/7‚ allowing global expansion‚ easy to start the business and tuned money collection. Customers: Faster checkout‚ informative
Premium Developed country History of the Internet Arabic language
Budget: Financial budget for the total projected cost of ACME Home Improvements de Mexico‚ SA de CV is set at $35‚193‚654 for the 12 month period. The purchased of the land has already been factored in with the cost. 100‚000 sq. ft. Indoor store‚ a 10‚000 sq. Ft. garden outdoor space and two-story parking garage. The cost of construction and inventory figures are based on researched cost of similar stores in Mexico City and inventory goods of stores such as Home Depot and Lowes in the United States
Premium Local government Management Mexico
interrelationships of any pair of technical features. The operations department should also do this. Then to the right of the relationship matrix there is an assessment of the level of importance of each customer requirement. The marketing department or the department that is in charge of the research should find the importance by listening attentively to each customer. For the final step‚ the bottom to the house‚ is to identify technical features that have the strongest relationships to the customer requirements
Premium Requirements analysis Service Requirement
developing a comprehensive annual budget‚ spending heavily for specialty software‚ staff overtime and temporary help for data entry. Perhaps even more costly (but less quantifiable) are the countless hours that senior managers‚ accountants‚ financial analysts and department managers spend to prepare‚ revise and consolidate budgets. • We spend more time creating a budget than analyzing it. • The budget bears little or no relation to our underlying business plan. • After the budget is approved‚ no one looks
Free Budget Budgets
Economics as a Social Science By Piet Keizer Utrecht School of Economics Utrecht University July 2008 1 Content 1. The Character of Modern Science 2. Genesis and Development of Economics as a Social Science 3. Multidisciplinary Economics‚ an Introduction 4. Some Basic Sociology for Economists 5. Appendix Answers to test questions 2 Preface This reader is an attempt to define economics as a social science. In the first place‚ economics is a science. In the second place‚ economics
Premium Economics
agree on the direction of the organization. In 1997‚ TCCB management adopted the master strategy of balancing profits with growth to ensure the bank remains an independent entity existing to provide quality service and products to an increasingly diverse customer base. Chris Billings recently was promoted from marketing director to SD president. The promotion came just as Chris finished her evening Masters of Business Administration degree in December 1999. As part of her graduate studies
Premium Balanced scorecard
Unit Title: Managing Communications‚ Knowledge and Information Edexcel Assessment Brief Front Sheet Assessors Name: Anthony Osei Owusu‚ Ramesh‚ Festus Edobor‚ Chandika Bhatta‚ Uroy Clarke‚ Benjamin Boateng Internal Verifier Name: Anthony Osei-Owusu Date Issued: Hand in Date: 21st September‚ 2014 Qualification: BTEC Level 5 Higher National Diploma in Business Unit Title: Managing Communications‚ Knowledge and Information Rules and regulations: Plagiarism is presenting
Premium Decision making Communication Decision theory
Effective Strategic Planning PLANNING Getting Your Organization Focused and Directed Launched in 1982 by Jim and Patty Rouse‚ The Enterprise Foundation is a national‚ nonprofit housing and community development organization dedicated to bringing lasting improvements to distressed communities. Copyright 1999‚ The Enterprise Foundation‚ Inc. All rights reserved. ISBN: 0-942901-20-7 No content from this publication may be reproduced or transmitted in any form or by any means‚ electronic
Premium Strategic planning Management
Presented by: Dr. Jing Zhao Department of Finance • Di Discuss the role of strategic asset allocation in relation to h l f i ll i i l i exposures to systematic risk • Compare and contrast strategic and tactical asset allocation • Appraise the importance of asset allocation for portfolio performance 1 FIN5PMT Portfolio Management‚ Dr. Robin Luo FIN5PMT Portfolio Management‚ Dr. Robin Luo 2 FIN5PMT Faculty of Business‚ Economics and Law FIN5PMT Faculty of Business‚ Economics and
Premium Investment