The definition of sardonic is acting in a mocking or sarcastic way to put someone down. An example of sardonic is a comedianâs sneering jokes about a specific group of people that he wants to criticize.
Kaizen Costing. Definition: Kaizen costing is the process of continual cost reduction that occurs after a product design has been completed and is now in production.
A budget is defined as management's quantitative expression of plans for aforthcoming period. Budgets are prepared at various levels of an organiza-tion. The master budget is defined as the overall financial plan for the period,which reflects the organization's goals and objectives. The master budgetincludes operating and financial budgets. Operating budgets show the com-pany's planned sales and operating expenses.