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  2. Managerial economics - Wikipedia

    en.wikipedia.org/wiki/Managerial_economics

    Forecast the Consequences This step involves assessing the consequences of the problem's solutions detailed in step 3. Possible consequences of a business decisions could include; productivity, health, environmental impacts and risk. [34] Here, managerial economics is used to determine the risks and potential financial consequences of an action.

  3. Management accounting principles - Wikipedia

    en.wikipedia.org/wiki/Management_Accounting...

    In discussing the confusion surrounding the lack of common and meaningful management accounting terminology says, "… we are no nearer to being provided with a coherent theory of, if you like, a conceptual framework for management accounting." [12] Choudhury did not; however, propose a management accounting conceptual framework. 2002 ...

  4. Management accounting - Wikipedia

    en.wikipedia.org/wiki/Management_accounting

    Management accounting is an applied discipline used in various industries. The specific functions and principles followed can vary based on the industry. Management accounting principles in banking are specialized but do have some common fundamental concepts used whether the industry is manufacturing-based or service-oriented.

  5. Cost–benefit analysis - Wikipedia

    en.wikipedia.org/wiki/Cost–benefit_analysis

    Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. [1]

  6. Principal–agent problem - Wikipedia

    en.wikipedia.org/wiki/Principal–agent_problem

    In economic theory, the principal-agent approach (also called agency theory) is part of the field contract theory. [36] [37] In agency theory, it is typically assumed that complete contracts can be written, an assumption also made in mechanism design theory. Hence, there are no restrictions on the class of feasible contractual arrangements ...

  7. Procyclical and countercyclical variables - Wikipedia

    en.wikipedia.org/wiki/Procyclical_and...

    Other schools of economic thought, such as new classical macroeconomics, [citation needed] hold that countercyclical policies may be counterproductive or destabilizing, and therefore favor a laissez-faire fiscal policy as a better method for maintaining an overall robust economy. When the government adopts a countercyclical fiscal policy in ...

  8. Economic impact analysis - Wikipedia

    en.wikipedia.org/wiki/Economic_impact_analysis

    Economic impact analyses are often used to examine the consequences of economic development projects and efforts, such as real estate development, business openings and closures, and site selection projects. [14] The analyses can also help increase community support for these projects, as well as help obtain grants and tax incentives. [15]

  9. Triple bottom line - Wikipedia

    en.wikipedia.org/wiki/Triple_bottom_line

    The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. [ 1 ]