Answer: Budgeting helps to plan, coordinate , delegate responsibility and enhancing clarity in pursuit of an organisation.
Explanation: Every budgets is principally prepared to achieve a set target but there some limitations which makes it difficult for some companies to prepare and follow through with a budgeted plan action. Some of these limitations at any given point in time affect the activities of the organisation. It may be traced to Production capacity, shortage of labour, materials, space, Finance and customer demand. This limitation can at any point in time affect the overall plan of the organisation making it difficult to achieve their set target .
Answer:
An S corporation.
Explanation:
The S corporation was formed by Congress, for use by small business owners, offering the best characteristics of both a C corporation and a partnership.
It has become the most popular business entity type in recent years. Numerous studies indicate lower overall taxes are paid when an S corporation is utilized.
Common Characteristics of S and C Corps:
-Same liability protection
-Separate legal entities
-The owners are shareholders
-Long standing case law
-Easy transfer of ownership
-Broader range of deductible expenses
Answer and Explanation:
E) to all firms, whether manufacturing or service.
Answer:
Source processes
Explanation:
The SCOR model looks at a firm´s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including <u>Source processes</u> which are processes that procure goods and services to meet planned or actual demand.
Supply chain operations reference (SCOR): It is a strategic planning tool that helps in identifying, improving and communicating supply chain management decisions within the company. It is a continuous improvement process and establishing a benchmark for the industry. It also works to develop a business process for satisfying customer´s demand. SCOR is based on five management process:
- Plan
- Sources.
- Make.
- Deliver.
- Return.
Source process: This process of supply chain management is defined as steps to procure goods and services to meet the requirement for infrastructural arrangements.
Answer: c. Incremental
Explanation:
Simply put incremental cashflow is the additional cashflow that accrues to a company when it takes on a new project. The Multinational company should therefore consider this when they are accepting a project.
If the new project has a positive incremental cashflow, it will add to the cashflows of the company and so should be initiated as opposed to those with negative incremental cashflows.
