vu eco401 Mid Term Subjective Solved Past Paper No.5
vu eco401 Economics Solved Past Papers
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Controlling function of management includes all those activities undertaken to ensure that actual operations conform to planned operations. Controlling function of management is particularly important for effective strategy evaluation. Controlling function of management has the following activities in strategy evaluation.
- Establishing performance standards
- Measuring individual and organizational performance
- Taking corrective actions
- Comparing actual performance to planned performance standards
Following are the five major stakeholders which affect pricing decisions.
- Governments
- Suppliers
- Distributors
- Consumers
- Competitors
Yes, in contingent contract uncertain future even be enforced.
Contingent Contract (Sec. 31)
Contingent contract shall be explained in detail in later discussion on the topic.
A contingent contract is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.
Illustrations:
M/S ABC insurance company contracts with Mr. Z to pay Rupees 500,000 if his car is lifted by thieves .