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Yes, organizations can be efficient, but ineffective. Efficient means that they have little waste. Effective means that they are good at what they do.

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What are Principles of an efficient and effective accounting information system?

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How does cost accounting contribute to the effective and efficient management of cost?

Cost accounting contributes to effective and efficient management of costs by providing detailed insights into the costs associated with production and operations. It enables businesses to identify, analyze, and control expenditures, allowing for informed decision-making regarding budgeting, pricing, and resource allocation. By tracking variances between actual and budgeted costs, organizations can pinpoint inefficiencies and implement corrective actions. Ultimately, this leads to improved profitability and operational performance.


What is the most efficient way to view a snapshot of my entire organizations quarterly spending trends using the report dashboard?

32


What is revenue administration?

Revenue administration refers to the processes and systems that governments and organizations use to collect, manage, and allocate public funds through taxation and other revenue sources. It involves the implementation of tax policies, compliance enforcement, and the administration of financial regulations to ensure efficient and effective collection of revenues. Effective revenue administration is crucial for funding public services and infrastructure, promoting economic stability, and ensuring fairness in the tax system.


Who is responsible for establishing and maintaining internal controls to achieve the objectives of effective and efficient operations reliable financial reporting and compliance with applicable laws?

Managers

Related Questions

Are efficient organizations effective?

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What evaluations should focus on how to be an efficient yet effective organization?

C. Annual


Is the berserker good?

Though there is no retail yet, the leaks prove that this Mega blaster will be very effective, efficient, and powerful.


What happens when the functions of business do not work together?

When departments within an organization don't work together the business becomes less effective and efficient. Communication between departments helps organizations become efficient.


Are all effective organizations also efficient Discuss If you had to choose between being effective or being efficient although both are needed which one would you select why?

I will choose both because effectivness and efficiency are important to the organization . I will choose the both because efficiency and effectivness are important to the organization.


What is the comparative for efficient?

More efficient and most efficient are the comparative and superlative forms of "efficient".


There is an ISO 38500 certification?

Yes there is, the ISO 38500 or IEC 38500 standard is applicable to organizations from all sizes, including public and private companies, government entities, and not-for-profit organizations. It is to provide guiding principles for the organization directors for an effective, efficient and acceptable use of Information Technology or IT within their organizations.


How does effective safety and security management systems improve a organization?

computer maintenance is essential for effective and efficient management in an organization computer maintenance is essential for effective and efficient management in an organization computer maintenance is essential for effective and efficient management in an organization


Why enterprise risk management is a more effective approach for today's organizations?

why enterprise risk management is a more effective approach for today's organizations.


What does being efficient mean?

To be efficient means to be quick and effective at a job or task.


What is the difference between efficient and effective?

Effective means "able to get a task completed." Effective means "able to complete a task using the least possible amount of resources." Effective: How well you did. Efficient: Is the best way to do it.


How does cost accounting contribute effective and efficient management of an industrial establishment?

How does cost accounting contribute to the effective and efficient management of and industrial establishment