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What is the difference between controllable and uncontrollable risk factors?
Controllable risk factors are those that can be managed and lessened or reduced. Uncontrollable risk factors are like Acts of God.
What is the difference between controllable and uncontrollable?
Controllable factors are those that can be managed or influenced by individuals or organizations, such as actions, decisions, or behaviors. Uncontrollable factors, on the other hand, are outside of one's control, such as external market conditions, natural disasters, or government regulations.
Difference between controllable and uncontrollable cost?
1.11.5 By Controllability- Costs here may be classified into controllable and uncontrollable costs. (a) Controllable costs - These are the costs which can be influenced by the action of a specified member of an undertaking. A business organisation is usually divided into a number of responsibility centres and an executive heads each such centre. Controllable costs incurred in a particular responsibility centre can be influenced by the action of the executive heading that responsibility centre. For example, Direct costs comprising direct labour, direct material, direct expenses and some of the overheads are generally controllable by the shop level management. (b) Uncontrollable costs - Costs which cannot be influenced by the action of a specified member of an undertaking are known as uncontrollable costs. For example, expenditure incurred by, say, the Tool Room is controllable by the foreman incharge of that section but the share of the tool-room expenditure which is apportioned to a machine shop is not to be controlled by the machine shop foreman The distinction between controllable and uncontrollable costs is not very sharp and is sometimes left to individual judgement. In fact no cost is uncontrollable; it is only in relation to a particular individual that we may specify a particular cost to be either controllable or uncontrollable
What is the definition of uncontrollable risk factor?
controllable risk factors
What are the controllable and uncontrollable variables in the marketing environment?
Controllable variables in marketing include price and product. Uncontrollable variables include the target market the company targets in ads during the promotion.
Can Model variables can be controllable or uncontrollable?
Yes, model variables can be classified as controllable or uncontrollable. Controllable variables are those that can be manipulated or adjusted by the decision-maker to influence the outcome of a model, such as pricing or production levels. Uncontrollable variables, on the other hand, are external factors that cannot be changed, like market trends or economic conditions. Recognizing the distinction between these types of variables is crucial for effective modeling and decision-making.
What is the difference between uncontrollable and controllable spending?
Controllable spending is the type of spending that you decide to do. Uncontrollable spending is the type of spending that you have no choice about. Budgets are typically dominated by uncontrollable spending.
Example of controllable cost and uncontrollable cost?
Controllable costs are costs that a manager or department has authority and responsibility over, such as direct material cost. With uncontrollable costs, management has no control over the cost or when they must be paid, such as liability insurance.
Is depreciation a controllable cost?
No. Depreciation would be considered an uncontrollable cost because it is fixed
What are the international marketing variables that controllable and uncontrollable that will affect coke?
the international marketing variables that affect coke.
What are controllable and uncontrollable factors in International business environment?
Controllable factors in the international business environment include elements such as marketing strategies, pricing policies, and product features that a company can directly influence. In contrast, uncontrollable factors encompass external conditions like political stability, economic trends, cultural differences, and legal regulations in different countries, which businesses cannot change but must adapt to. Understanding the interplay between these factors is crucial for developing effective international business strategies. Companies must leverage their controllable factors while navigating the challenges posed by uncontrollable factors.
How could a manager manipulate one of the controllable forces in answer to change an uncontrollable force?
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