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A financial statement is an authorized document of the company, which explores the whole financial information of the company.  The aim of the financial statement is to deliver information and understand the financial aspects of the company.  Hence, preparation of the financial statement is very important as mu... read more

financial management

December 13, 2017

The scope and significance of financial management can be discussed from the following angles:   Importance to Organizations 1. Business organizations Financial management is important to all types of business organization i.e. Small size, medium size or a large size organization. As the size grows,... read more

financial management

December 11, 2017

Financial manager is the individual who performs the financial management in the firm. A finance manager of a large organization has a very critical responsibility to shoulder as he has to take all decision about raising and utilization of resources have been taken efficiently and at no time resources should remain idle.... read more

financial management

December 05, 2017

Identify Risks The 1st step in the process of managing risk is identifying and classifying the potential risks. The five key sources of risk are: Production, Marketing, Financial, Legal and Human. The major sources of production risks are weather, climate changes, pests, diseases, technology, genetics, machinery ... read more

risk management

December 04, 2017

Risk can be well-defined as the chance of loss/damage or an unfavourable outcome related with an action. Uncertainty is not knowing what will occur in the future. The more the uncertainty, the bigger the risk. For an individual farm manager, risk management includes optimizing projected returns subject to the risks invol... read more

risk management

December 04, 2017

There are two main objectives of financial management; Profit maximization  Shareholders wealth maximization  There are two schools of thought in this favour  Traditional Approach Modern Approach The modern scholars favours shareholders wealth maximization as key obj... read more

financial management

October 02, 2017

Introduction to Financial Management: Financial management is as emerged as an interesting and stimulating area for academic studies as well as for the real-world finance managers. Financial management covers all decisions, taken by an individual or a company, which have financial implications. In our simple understa... read more

financial management

August 26, 2017

Sampling methods are as follows; Probability Sampling Non-Probability Sampling Probability Sampling: A probability sampling scheme is one in which each unit in the population has a chance (greater than zero) of being selected in the sample, and this possibility can be accurately determined. Th... read more

business research methods

August 22, 2017

Primary Data Collection: After the investigator is convinced that the advantage from primary data outweighs the effort and time, money cost, we can go in for this. We can use any of the following methods to collect primary data: Direct Personal Investigation Indirect Oral Investigation Use of... read more

business research methods

August 22, 2017

Motivational Research: Any research that tries to explore the area of motivation of individuals can be termed motivational research. Motivational research is a kind of marketing research that tries to explain why customers behave as they do. Indirectly, motivational research assumes the presence of underlying or ... read more

business research methods

August 22, 2017

Meaning of Organizational Behavior: - Organizational behavior studies the influence persons, groups, and structures have on human behavior within administrations. It is an interdisciplinary ground that comprises communication, psychology, sociology, and management. Organizational behavior accompan... read more

organizational behaviour

August 18, 2017

The determination of Human Resource Management is to hire, train and grow staff and where essential to control or discharge them. Through operative training and improvement, staffs at Enterprise attain promotion within the corporation and reach their full potential. This decreases the need for outside employment and ... read more

human resource management

August 17, 2017

Perfect competition (also called pure competition) is a market configuration in which  large number of members sell and buy homogeneous products,  there are no hurdles to entry,  an individual firm has no control over the price, and  there is no non-price competition (for example public... read more

business economics

August 17, 2017

Utility is a word used by economists to define the measurement of "helpfulness" that a customer obtains from any good. Utility may measure how much one likes a movie, or the sense of safety one grows from purchasing a deadbolt. The utility of anything or condition can be measured. Some examples contain the... read more

business economics

August 17, 2017

Utility is the fulfillment that a person originates from the consumption of a good or service.  Total utility is the total gratification received from consuming a given total amount of a good or service, while Marginal Utility is the gratification gained from consuming another amount of a good or ... read more

business economics

August 17, 2017

There are four important properties of Indifference Curve; Property I: Indifference curves slope downward:- This property suggests that an indifference curve has a negative drop. This property follows from supposition I. Indifference curve existence downward sloping means that when the amount of one good in t... read more

business economics

August 16, 2017

An indifference curve attaches points on a graph demonstrating different measures of two goods, points among which a customer is indifferent. That is, the customer has no preference for one mixture or package of goods over a different mixture on the similar curve. One can also mention to every po... read more

business economics

July 29, 2017

These plans are part of the Operations Management actions that service and industrial organizations involve in ... The course will authorize you with skills to address important facets of business operations (B.O) containing capacity, output, excellence, and supply chain. An operation management refers... read more

operations management

July 29, 2017

In statistics, a frequency distribution is a table that shows the frequency of numerous consequences in a sample. Every entry in the table comprises the frequency of the amounts of values within a specific group or interval, and in this technique, the table précises the distribut... read more

business statistics

July 29, 2017

A histogram is a show of statistical info that uses rectangles to show the occurrence of data items in sequential numerical intervals of equal size. In the most corporate form of histogram, the independent variable is plotted along the parallel axis and the dependent variable is plotted along the vert... read more

business statistics

July 27, 2017

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