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Time and activity plan helps to associate time lines for every task/line item in the Work Breakdown structure and also associate the cost of getting the task completed. When we roll up all the costs of individual tasks up to the Activity level, we get to know whether we've budget to complete the activity and hence the project. Therefore, to that extent Time and Activity plans are useful.

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What is tax management illustrate its importance and necessity?

Tax management helps an individual or organization to plan their finances and able to pay tax.


Importance of computer in accounting field?

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What is the importance of cost behavior.?

Cost behaviour is associated with learning how costs change when there is a change in an organization's level of activity. The costs which vary proportionately with the changes in the level of activity are referred to as variable costs. The costs that are unaffected by changes in the level of activity are classified as fixed costs. The understanding of cost behaviour is very important for management's efforts to plan and control its organization's costs. Budgets and variance reports are more effective when they reflect cost behaviour patterns. The understanding of cost behaviour is also necessary for calculating a company's break-even point and for any other cost-volume-profit analysis.


What are the eight steps in preparing an activity plan?

The eight steps in preparing an activity plan typically include: Define Objectives: Clearly outline the goals you wish to achieve. Identify Activities: List the specific tasks or activities that will help reach those objectives. Assign Responsibilities: Designate team members or stakeholders to each activity. Set Timelines: Establish deadlines for each task to ensure timely completion. Allocate Resources: Determine the necessary resources, including budget and materials. Develop Evaluation Criteria: Create metrics to assess the success of each activity. Implement the Plan: Execute the activities as outlined. Review and Adjust: Monitor progress and make adjustments as needed to stay on track.


Are the contributions to an annuity tax deferred?

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Which air force risk management process involves the 5-step process and is used when there is sufficient time to plan an event or activity.?


Which air force risk management process involves the 5 steps and is used when there is sufficient time to plan an event or activity?

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Which air risk management process involves the 5 step process and used when there is sufficient time to plan an event or activity?

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