Key Terms Flashcards
1
Q
Adverse variance
A
A difference between actual and budgeted amounts which is usually bad news for the company e.g. Budgeted costs lower than actual
2
Q
Boston matrix
A
A model which analyses the product portfolio of a business into 4 categories (cash cow, problem child, stars and dog)
3
Q
Capacity utilisation
A
The proportion of total capacity this is used (expressed as a percentage)
4
Q
Cell production
A
A method of production by which production is split up into self-contained units
5
Q
Centralisation
A
Organisational structure where all the decisions are made at the top of the hierarchy
