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Discuss two functional budgets. (500 words)

In that section, outline two critical budgets (100 words)
- Sales budget: translate the volume and worth of sell-outs.
- Production budget: d...

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Marginal costing: “Explain, “Marginal costing is a cost presentation and cost analysis technique.” What are the limitations and merits of marginal costing?(500 words)

Introduction (100 words)
- Marginal costing means the method to detect the level of profit changes due to various factors, including the volume,...

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What is the concept of national income?(500 words)

The term national income refers to the measure of economic activity in a country and considers economic activities to include production, expenditu...

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Define demand elasticity and then explain cross, price and demand elasticity in decisions in management. (500 words)

Define demand elasticity: Demand elasticity refers to the dynamic measurements of the relative degree of change in the quantity demanded of the com...

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What is the concept of corporate social responsibility given today's example? (500 words)

CSR means that a company has to take care of all its stakeholders as well as its environment.

- Highlight the significance of CSR in the cu...

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