Discuss how the four managerial tasks relate to the various managerial levels and allocation of time?
How the four managerial tasks relate to the various managerial levels and allocation of time?
Discuss the difference between managerial and non managerial tasks?
Relation between managerial tasks and managerial levels
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The managerial levels within a business depends on the business. There are no certain rules for the levels of management a business has.
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Anne-Marie Doherty has written: 'An examination of the profile of women within the printing industry, at both managerial and non-managerial levels, in Ireland in the 1990's' -- subject(s): Printing industry, Women executives
Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, and liabilities. It involves the basic accounting processes of recording, classifying, and summarizing transactions. - Cost accounting is the branch of accounting dealing with the recording, classification, allocation, and reporting of current and prospective costs. - Managerial accounting is the branch of accounting designed to provide information to various management levels in the hospitality operation for the purpose of enhancing controls.
Distribution refers to the process of allocating specific line item costs to individual cost objects, such as products or departments, allowing for detailed tracking of expenses. In contrast, allocation involves distributing summary level costs, which may encompass broader categories or total expenses, across multiple cost objects based on a predetermined method. This distinction is important for accurate financial reporting and budgeting within an organization. Properly managing both distribution and allocation helps ensure a clear understanding of costs at various levels.
There are two types in connection with the managerial decisions , they are :- 1. Vertical managerial decision , 2. Horizontal managerial decision. 1. Vertical managerial decision this means that the decisions are taken vertically that is from top level to bottom level. The top level managers will take the decisions and pass it towards the middle level and thy will pass it to the bottom level , there will be no consideration for the bottom level managers to play in the decision making process. The power will vested only with top levels. 2. Horizontal managerial decision here the top level managers will consider the ideas and suggesion from the bottom level before taking a decision.
The term for how many consumers want goods is "demand." Demand refers to the quantity of a product that consumers are willing and able to purchase at various price levels. It is a fundamental concept in economics that helps to determine market prices and the allocation of resources.
council for europe. has written: 'allocation of powers to the local and regional levels of government in the member states of the council of europe'