Examlex
The term "functional distance" refers to
Cost Target
Cost target is the budgeted or desired cost of manufacturing a product or executing a project, aimed at ensuring competitiveness and profitability.
Responsibility Accounting
An accounting system focused on controlling costs and evaluating performance by assigning responsibility to individual managers or departments.
Benchmarks
Benchmarks are standard points of reference against which performance, quality, or value can be measured, often used for comparison in business, finance, and industry.
Top-Down Budgeting
A budgeting approach where the budget is created by the top management and then distributed down through the ranks of the organization.
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