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It means that you don't have enough of something in order to do all you would like, it is
a scarce resource which is in short supply .
This could be because of shortage of material, staff hours , machine capacity even money
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What is a principal budget factor?
The principal budget factor is the constraining factor which ultimately determines the level of activity planned. It is the area which cannot be increased to match the capacity of other areas. E.g a company may be able to sell 200,000 bottles of mineral water, but skilled labour available is only sufficient to produce 60,000. Labour therefore is the principal budget factor.
What factor does the rolling budget technique help to overcome?
Rolling budgets have many benefits. They are more flexible than static budgetsÊand allow for changes to be made in the system easier.
What is the role of a budget committee?
The role of the budget committee is to help create a federal budget and oversee that budget. They prepare the budget resolution and review budget related laws and bills.
Which budget is prepared first?
The sales budget is the first budget to be prepared.
What is main difference between capital budget and revenue budget?
While the capital budget and revenue budget are both budgets, the capital budget is incorporated for the long term. A revenue budget is made for the short term.
What was the Production Budget for Chill Factor?
The Production Budget for Chill Factor was $34,000,000.
The principle that states that one factor may mask the effect of another factor is the principle of?
Law of Dominance
Principle states that one factor in a pair may prevent the other factor in the pair from being expressed?
The principle of Dominance.
What is salary increment factor?
A budget version of the X factor
What factor affect the local water budget?
pooop
What is a principal budget factor?
The principal budget factor is the constraining factor which ultimately determines the level of activity planned. It is the area which cannot be increased to match the capacity of other areas. E.g a company may be able to sell 200,000 bottles of mineral water, but skilled labour available is only sufficient to produce 60,000. Labour therefore is the principal budget factor.
Principal of limiting factor in decision making?
what is the principle of limiting factor in decision making. The principle of the limiting factor states that by recognising and overcoming those factors that stand critically in the way of a goal, the best alternative course of action can be selected.
What is a factor that all designers take into consideration during the production of?
budget
What is the principle of limiting factor in decision making?
The limiting factor is the biggest thing that stands in the way of you solving a problem or accomplishing an objective. Locate the limiting factor as part of your decision-making process to avoid making mistakes. Failure to follow the principle of the limiting factor leads to many poor decisions.
What is the definition of principle in math terms?
the prinicple means the main. like the prinicple factor would mean the main factor
What is a factor that all designers take into consideration dring the production of a play?
Budget. A+
Is the defense capability a major factor affecting the economy and budget of most states?
no a postal service
