Download Tag: DECISION MAKINGS

CHAPTER ONE 1.1   INTRODUCTION “For which of you desiring to build a tower does not first    sit and account the cost whether he has enough to complete it” (Lk. 14:28). Every rational economic unit has some objectives to attain.  Individuals, corporate bodies or governments have objectives to achieve. To achieve their respective objectives resources have to be made available.  Unfortunately nature did not distribute her resources abundantly, whilst objectives and needs are ...

ABSTRACT The usefulness of budgeting, as a management tool cannot be over emphasized. A good budgeting system could aid management in decision-making, performing the controlling and planning functions. It does seem that this very important implement of work is not efficiently used by many mangers, especially those in the private sector of our economy. The effect is that corporate efficiency has declined, profit maximization opportunity thrown over board, while planning ...