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Distinguish Between Method and Procedure. - Commerce

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प्रश्न

Distinguish between method and procedure.

थोडक्यात उत्तर
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उत्तर

Difference between Procedures and Methods

 

Procedures Methods
(a) Procedures are sequences of steps to be followed for performing some important jobs. (a) Methods are a formalized way of doing routine and repetitive jobs.
(b) Procedures are more rigid. (b) Methods are less rigid or flexible.
(c) Procedures help in the implementation of the policy. (c) Methods help for standardization and coordination of activity.
(d) Example: Procedure for giving admission in a school or giving contracts to an outside agency. (d) Example: Methods of valuation of stock or method of production.
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2015-2016 (March) Set 1
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