Accounting Rate of Return (ARR)

By | April 13, 2018

Accounting Rate of Return (ARR) method is also known as average rate of return an average of the net profit after taxes over the whole of the economic life of the project is taken. Under this method, the performance is expected as a percentage of capital or investment. Accounting rate of return may be calculated according to any of the… Read More »

Differences between GATT and WTO

By | April 7, 2018

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in the year 1948. The following are the main differences between the General Agreement on Tariffs and Trade… Read More »

Functions of Financial Management

By | April 6, 2018

Functions of financial management can be divided into eight areas. A business manager has to concentrate on the following areas of the finance function: 1. Estimating Financial Requirements: The first task of any financial manager is to determine short-term and long-term financial requirement of his/her business. For this purpose, the financial manager will prepare a financial plan for… Read More »

Notes on Research Design

By | April 2, 2018

Research design has many definitions, but no single definition imparts the full range of essential aspects. Few of the definitions of research design are: Research design constitutes the blueprint for the collection of data, measurement of data and analysis of data. Research design aids the researcher in the allocation of limited resources by posing crucial choices in research… Read More »

Effectiveness and Efficiency in Organization

By | March 26, 2018

If the organization is to succeed, it needs to be effective: physical products or software must do what users expect them to and have the other attributes, such as price, appearance or reliability, that consumers desire. Services, similarly, must be available when needed and meet customers requirement regarding speed, courtesy or other factors. Many organizations also strive to… Read More »

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 »

Organization Structure: Roles and Importance

By | February 13, 2018

Organization structure is a framework that managers devise for dividing and coordinating the activities of members of an organization. Because strategies and environmental circumstances differ from one organization to next. There are varieties of possible organization structures. Organisation structure can be viewed as established pattern of relationships among the components of the organization. In large and complex organizations.… Read More »

Objectives of India Export-Import Exim Policy

By | September 12, 2017

A new export and import policy were framed in 1992 which was effective till 1997. Since then new changes have been made in the policy to achieving the following objectives: To enhance the level of exports; To improve the balance of payment; To improve the balance of trade; To enhance the reverse of foreign exchange; To allow import… Read More »

Fundamental Rights (Articles 14-18, 19-22, 23-24, 25-28, 29-30, 32)

By | September 3, 2017

Part-III of the Indian constitution from article 12 to 32, contains fundamental rights. Part-III of the Indian constitution is called corner stone of the constitution and together with part-4 (directive principles and state policy) constitutes the conscience of the Constitution. This chapter of the Constitution has been described as the Magna Carta of India. Fundamental Rights are individual… Read More »