How many Work in Process accounts are maintained in a company that uses process costing?
Week Three Of Management Notes: ONLY ONE DAY OF CLASS THIS WEEK EXAM IS ON WEDNESDAY- FRIDAY th Notes for Monday Febuary 8 : 52) Objective Hierarchy: Plans are at the top, then are dropped down throughout pyramid of employment 53) Functional Planning: Types of tactics Operational: Financial, Marketing and Production Tactical: Facilities and Human resources Strategy: is the leadership side of deciding what to do 54) Difference between Policy and Procedure: Policy: Broad guidelines Procedures: Specific actions implemented by the company 55) Planning tools: THE BIG 6 ** ON EXAM** 1. Forecasting- Uses stats and data to predict future staff 2. Contingency-Identify circumstances of their actions 3. Scenario- Considering future scenar