Question: QUESTION 18 a. With your knowledge in short term decision making, explain the basis for deciding when faced with the following decision types: i. A

 QUESTION 18 a. With your knowledge in short term decision making,

QUESTION 18 a. With your knowledge in short term decision making, explain the basis for deciding when faced with the following decision types: i. A decision to make a product internally or buy-in that product from an external supplier of further resale. ii. A decision to continue operating or shut down a loss-making business unit. b. Budgeting and budgetary control remains vital to organisation planning. The preparation of a budget is mainly constrained by the principal budget factor. Required: Explain the term principal budget factor with examples

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