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Posted by Terms compared staff | Aug 29, 2019 | Accounting |
Definitions and meanings Direct expenses Direct expenses are those expenses that are incurred directly in the manufacturing process of a certain product. These costs are directly proportional to the changes in production level...
Read MorePosted by Terms compared staff | Aug 29, 2019 | Accounting |
FIFO and weighted average are referred as two methods used for valuation of inventory in a company. Inventory valuation is important because it affects many other vital figures especially those written in the financial...
Read MorePosted by Terms compared staff | Aug 29, 2019 | Management |
Every organization, whether it is profit seeking organization or not-for-profit organization, has a specific management system according to which it dispenses its operations and activities. These different structures define the...
Read MorePosted by Terms compared staff | Aug 28, 2019 | Management |
An organization is such an arrangement of people in which different individuals gather to perform different tasks together to achieve harmonious objectives. An organization can be of two types; formal organization and informal...
Read MorePosted by Terms compared staff | Aug 28, 2019 | Management |
A stakeholder refers to an individual, a group of persons, an economic entity or an institution that can affect a business organization by its actions or can be affected by the actions of that business organization. Every...
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