Featured Article

Fayol’s 14 Principles of Management

By | February 13, 2018

Henri Fayol was a French management theorist whose theories in management and organization of labor were widely influential in the beginning of the 20th century. The 14 management principles from Henri Fayol are: Division of Labour: The most people specialize the more effectively they can perform their work. This principle is epitomized by the modern assembly line. Authority: Managers… Read More »

Featured Article

Women Rights in India: Constitutional Rights and Legal Rights

By | August 3, 2017

The rights available to woman (ladies) in India can be classified into two categories, namely as constitutional rights and legal rights. The constitutional rights are those which are provided in the various provisions of the constitution. The legal rights, on the other hand, are those which are provided in the various laws (acts) of the Parliament and the… Read More »

National Policy for Empowerment of Indian Women

By | June 15, 2018

National Policy for the Empowerment of Women was adopted in the year 2001. The goal of the policy is to bring about the advancement, development and empowerment of women. Specifically, the aims of the national policy for empowerment of Indian women include: Creating an environment through favorable economic and social policies for the full development of women to enable them to… Read More »

International Maritime Bureau (IMB)

By | June 13, 2018

The International Maritime Bureau (IMB) has MOU with the World Customs Organization (WCO) and has observer status with Interpol (ICPO). IMB’s primary responsibility is to protect the integrity of international trade by seeking out fraud and malpractice. For over 25 years, it has used industry knowledge, experience and access to a many well-placed contacts around the world to do this:… Read More »

Relationship of Finance to Economics and Accounting

By | June 13, 2018

Financial management has a close relationship with economics on the one hand and accounting on the other. Relationship of Finance to Economics: There are two essential linkages between economics and finance. The macroeconomic environment defines the setting within which a firm operates and the microeconomic theory provides the conceptual underpinning for the tools of final decision-making. Key macroeconomic factors like the… Read More »

Different Types of Clouds

By | May 20, 2018

Clouds are defined as aggregates of innumerable tiny water droplets, ice particles or a mixture of both in the air generally much above the ground surface. Clouds are formed due to condensation of water vapor due to the uplifting of air known as adiabatic cooling. Different types of clouds are generally classified on the basis of their form,… Read More »

Credit Policy: Types and Aspects

By | May 20, 2018

Credit policy is an important part of the overall strategy of a firm to market its products. It refers to those decision variables that influence the amount of trade credit i.e investment in receivables. Credit policy can be lenient or stringent. There are two types of credit policies. Let us know about them in brief. a) Lenient/Loose/expansive Credit Policy: Under this policy,… Read More »

How Technology Benchmarking Process is Done

By | May 13, 2018

Technology benchmarking is a process by which an enterprise performs a direct comparison of its technical performance and other entities with similar operations. Technological metrics are an important element in benchmarking process. The evaluation can be with competitors or others who are best in the world in that particular technology. The benchmarking process consists of ten steps and… Read More »

Different Types of Foreign Exchange Transactions

By | May 13, 2018

A foreign exchange transactions is a contract to buy or sell a quantity of one currency in exchange for another at a specified time for delivery and settlement and at a specified price (exchange rate). These transactions take place in foreign exchange markets. Regarding counterparties and settlement dates, the forex transactions are classified in many categories as trade transactions,… Read More »

Indian Stock Exchanges Service Corporation (ISESC)

By | May 13, 2018

Indian Stock Exchanges Services Corporation (ISESC) is promoted by second-rung stock exchanges of the country and is floated as a company under Section 35 of Companies Act. ISESC came to functional on June 1998. In ISESC there are 14 members including Bangalore, Bhubaneswar, Cochin, Coimbatore, Guwahati, Hyderabad, Jaipur, Kanpur, Ludhiana, Madhya Pradesh, Mangalore, Patna, Saurashtra and Vadodara stock exchanges. ISESC… Read More »