MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION ( Autonomous) (ISO/IEC - 27001 - 2005 Certified) __________________________________________________________________________________________________ Subject Code : 12219 Q.1 ( A) a) WINTER – 12 EXAMINATION Model Answer Scientific Management is defined as “Art of knowing exactly what is to be done and 04 the best way of doing it.” Scientific Management is the result of applying scientific knowledge and scientific methods to the various aspects of
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1. Budgeting - An Introduction A budget is a plan that outlines an organizations financial or operational goals. It is an action plan. It helps a business allocate resources‚ evaluate performance‚ and formulate plans. Understanding the importance of budgeting is the first step in successful financial planning. This tutorial introduces budgeting and the 5 most commonly used methods of budgeting 2. Preparing & Controlling a Budget Budgeting is potentially a managers most valuable planning and
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over or under budget and by how much? According to the Project summary‚ this project is currently on schedule. The project summary is currently indicating that the project is coming in under budget by $1‚720.00. 3) After printing out the Earned Value report‚ define (you may use MS Project help) the following terms and write in the Total Values of each from your Earned Value Report (Make sure your current date is properly set to 11/14/2011). PV: this is the amount of budget planned to be
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1. Identify the weaknesses in each strategy. The weakness in each strategy is everyone is robbing Peter to pay Paul. No person has a good budget plan on how to save money instead of spending it. On the other hand they all are trying to take money from somewhere which will decease that budget to pay for something. However‚ nickel and dime employee are all bad signs of budgeting‚ because you get what you pay for‚ meaning you don’t take care of your employees they won’t take care of you. 2. Which strategies
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had grown to 34. Thanks to the continued growth of demand for services and the tangential supply of grant money‚ the organization was performing quite well. Staff members were now no longer required to perform more than their main task‚ the annual budget was now over $1.3 million‚ and the organization had already received many prestigious awards and accolades for the services that they have performed for NYC. On September 11‚ 2001‚ NYC suffered one of the most devastating acts of terror ever inflicted
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The Housekeeping Service department of Ruger Clinic‚ a multispecialty practice in Toledo‚ Ohio‚ had $100‚000 in direct costs in 2007. These costs must be allocated to Ruger’s three revenue-producing patient services departments using the direct method. Two cost drivers are under consideration: patient services revenue and hours of housekeeping services used. The patient services departments generated $5 million in total revenues in 2007‚ and to support these clinical activities‚ they used 5‚000
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during the month of August. If the company has 18‚000 units on hand at the start of the month‚ and plans to have 16‚000 units on hand at the end of the month‚ how many units must be produced during the month? 4. Café Company’s sales budget for the fourth quarter is as follows: | |October |November |December | |Total sales |$280‚000 |$240‚000 |$320‚000 | Management expects
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business. This includes company‚ department‚ budget area and projects. The skill is being able to assess strengths and weaknesses and identify appropriate actions that will improve performance. • Contribute to the budgetary process – participate in a budgetary process‚ the setting of budgets and the monitoring of performance through the budget year. At a detailed level this includes using variance analysis to interpret the causes of deviation from budget predictions and producing year-end forecasts
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M. Durant Memorial Hospital B. Available beds: 300 1. Culinary and Patient foodservices offered: a) Patient tray service (patient visits by nutrition rep for meal ordering) b) Cafeteria for staff and guests II. Operating budget A. Type: zero based variable B. Annual Budget: $547‚500.00 (based on $7.50/patient/day)*see below C. Costs assigned to: 1. Cafeteria operations 2. Patient services 3. Clinical nutrition services 4. Quality management 5. Procurement 6. Materials a) Food b) Other 7.
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asset maintenance‚ budgeting and forecasting‚ GST/BAS and payroll tax‚ cash flow reporting and variance analysis. As my resume highlights‚ I have expertise in range of accounting areas‚ including the following: Reconciliation and expense reporting Budget creation‚ cost analysis‚ and forecasting Vendor relations Accounts payable and accounts receivable Financial statements and preparation Business accounting process improvements Month-end analysis and reconciliation Non-profit accounting principles
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