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For the sake of your business progress

For the sake of your business progress, there’s no harm in taking a moment to understand the types of costs and their management.

If the expenditure of these costs is not controlled or difficult to control, then not the profit that will be obtained but the loss.

Then know, understand and manage these types of costs appropriately so that your business becomes truly efficient and profitable.

Types of Business Management Costs

There are 7 main types of costs in business, namely:

1. Controllable Cost
2. Costs that cannot be controlled (Uncontrollable Cost)
3. Programmed Cost
4. Commited Cost or Capacity Cost
5. Avoidable and Unavoidable Cost
6. Imputed Cost and Sunk Cost
7. Opportunity Cost (Opportunity Cost)

Let’s explore one by one …

# 1. Controllable Cost

Notions of controlled are costs that are at a certain management level or which can be directly influenced by certain managers.

Generally variable costs can be controlled and vice versa fixed costs.

But if it is associated with a cost center, then all costs that are the responsibility of the relevant center are controllable.

So that these costs can really be controlled, then as a guideline:

  • If certain managers have authority in
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Business Expense

Teach in Africa,African Career,Education & Resource,Education in Africa,Global Partnership for EducationHosted by the Africa-America Institute (AAI), the State of Schooling in Africa Convention (SOE) is an annual event that brings collectively educators and innovators from Africa and the U.S. to discuss daring approaches to bettering the quality of training in any respect ranges and to bolstering Africa international competitiveness and financial growth. But when part of an total system of reform, with the fitting policies and supports, governments can leverage the potential of technology to deal with among the extra vexing points facing secondary training. A notable share of learners, nevertheless, remained in main and secondary faculties long after they need to have exited these establishments. You do not have to be a teacher to volunteer overseas on our Educating Tasks.

According to Statistics South Africa’s Basic Family Survey (GHS) of 2018, there were roughly 14,2 million learners at college in 2018. Many fragile nations are unable to offer academics with salaries and working situations or professional opportunities that one finds in other professions. In the case of GPE, 76 % of total schooling help is allotted to low earnings nations, with a total of seventy eight p.c to the 41 countries in need.

While most of the people over-estimates … Read the rest

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Enterprise Expense

Teach in Africa,African Career,Education & Resource,Education in Africa,Global Partnership for EducationAll the issues that you just just would possibly wish to know to start out your own enterprise. Just one year later, Kenya’s ambassador to China introduced that the variety of Kenyan students within the country had since surged to 2,400 Other countries boasted even bigger features: There have been 2,829 Ethiopian students in China in 2016 in contrast with solely 933 in 2012, while the number of students from Ghana, the highest African sending country, tripled from 1,753 in 2011 to five,552 in 2016 Given the shortage of funds for an expensive overseas training among African youths, scholarships are probably a big pull factor, nevertheless it must be famous that 87 % of all 492,000 international college students in China in 2016 had been self-funded , in accordance with the Chinese language Ministry of Schooling.

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