Discuss the advantages and disadvantages of budgeting as a system of organisational control. A budget is a short-term financial plan of income and expenses expected over a certain period of time (usually one year) used to achieve a businesses objective. Budgeting can be useful for exercising control over a business because of its nature as a representation of a plan. Control is generally viewed as making events conform to a plan. As a budget is represented as a plan‚ allowing events to conform
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Genicon 1. What advantages and disadvantages does Genicon have over large multinational corporations in the process of market selection? Genicon has been at disadvantage in US market due to group purchasing organizations have been controlling sales of minimally invasive surgery products since 1990s. GPO financial structure has been favoring large companies and it was getting difficult for several startups or smaller organization to enter market and position them. Since Genicon did not have big
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Computers have become such indispensible devices in the modern time that we cannot imagine life without computers.However‚there have been different ideas on the benefits of computers.in my opinion‚computers can help us have instant access to great sources of information but they also bring many potential harms to our life. On the positive side ‚computers are of great importance in the following aspects.Firstly ‚we can get all kinds of valuable imformation through the internet in all fields such
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Advantages and Disadvantages of Earned Value Management (EVM) Student Name: INF337: Integrated Cost & Schedule Control Instructor: Elliott Lynn October 6‚ 2014 The purpose of this paper is to compare and contrast the similarities and differences of earned value management (EVM) and how it could provide the project manager a better chance of having a successful project. When you are assigned as the project manger or any project‚ your goal is to meet assigned deadlines
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invisible. If you are seriously considering getting this new system‚ here are some of the advantages and disadvantages of Invisalign to help you decide. Advantages o Removable: compared to the metal and rubber band contraption that make up traditional
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reference to a court of law. With this‚ the controversial question regarding the advantages and disadvantages of arbitration over litigation has occurred by also bringing along two different perspectives as to the issue in question. There are some several major advantages that make arbitration a more desirable and preferable method as a dispute resolution rather than litigation. Although there are some disadvantages of arbitration that are needed to be taken in to consideration by parties before
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the economies of low- income countries‚ allowing them to grow more rapidly than developed countries. Foreign direct investment comes with its own costs and benefits‚ as the organization or business providing the funding is concerned with securing advantages in the nation in which it is investing. Business Sectors • Foreign investors may change the balance among types of businesses in a country. If investors from abroad decide that they want to invest in banks‚ rather than farms or manufacturing
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ADVANTAGES Plastic is very useful in the building and construction‚ electronics (laptops wouldn’t work well if they were made from glass)‚ packaging (gladwrap)‚ transportation industries. Very easy to make - water bottles‚ plastic bags‚ pens‚ cups etc etc The main advantages of plastic materials are also the reason why plastic is such a problem. It lasts forever and it is very cheap to make. When I say it last forever‚ I mean it does not biodegrade. There is a flotilla of plastic the
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One advantage of economic globalisation comes from the free trade. “Two nations can benefit from free trade by specializing in producing those products in which they enjoy a comparative advantage” (Case & Fair 2004‚ p.716). A country enjoys a comparative advantage in the manufacturing of a good if the production has a lower opportunity cost than it would have if produced in other country. When specialization takes place in a production‚ the production will become more efficient. It is due to research
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as every thin has two sides internet also has advantages and dis advantages. Advantages: Email. Email is now an essential communication tools in business. It is also excellent for keeping in touch with family and friends. The advantages to email is that it is free ( no charge per use) when compared to telephone‚ fax and postal services. Information. There is a huge amount of information available on the internet for just about every subject known to man‚ ranging from government law
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