Term
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Definition
| A detailed plan for acquiring and using financial and other resources over a specified time period |
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Term
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Definition
| A summary of a company’s plans that sets specific targets for sales, production, distribution, and financing activities. |
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Term
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Definition
| Involves developing objectives and preparing various budgets to achieve those objectives |
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Term
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Definition
| Involves the steps taken by management to increase the likelihood that the objectives set down at the planning stage are attained and that all parts of the organization are working towards that goal. |
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Term
| Responsibility accounting |
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Definition
| A manager should be held responsible for those items that the manager can actually control to a significant extent |
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