Question
Which main standards are used in various functional areas?

Answer

Main standards used in various functional areas are:
S. No.
Functional areas
Standards used
1.
Production
Quality, quantity, cost, individual job
2.
Marketing
Sales volume, sales expense, advertising expenditure, sales person performance
3.
Human resource
Labour relations, labour turnover, labour absenteeism.
4.
Finance and accounting
Capital expenditure, inventories, flow of capital, liquidity.

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