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Objectives of business
... in time to the gqvernment. All business activity should be carried within the legal frame work of the country.(v) Use of national resources The business should use the national resources in the best interest of the country. Wastage should be reduced to the maximum. The motto should be more and more goods for more and more people at lower and lower prices. Ill. Human Objectives:The business’acti.... 
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Importance of business in the present day world
...d by the owners 2. Business is guilty bf polluting air and water which directly affects the health of the people. 3. Human values and worker comforts are ignored by business. 4. Business, due to self-interest, often ignores the welfare of the consumers and supplIes adUfterated goods. 5. The communication media such as television, radio magazines, newspapers. etc.. attempt to sell their goods or se.... Read
Cash in advance loan know about cash loans fast
...vance loan stand as the instant loans and these loans are given in cash which is ideally secured by the borrower’s post dated checks that includes the original loan principal as well as the accrued interest. To offer the borrower the maximum ‘cool off period’ the maturity date of the short term loans generally coincides with the borrower's next payday. Although absolutely paperless still th.... Read
Salient features or characteristics of partnership
...t In a partnership business, every partner has a right to take part in its management. The important business decisions are taken with the consent of all other partners. 4. Restriction on Transfer of Interest No partner can transfer h share to any other person without the prior consent or willingness of all other partners. 5. Unlimited Liability of Partners The liability of the partners of a firm .... Read
10 most overlooked tax deductions
...unt above and beyond $1,000). Selling Your Home, Sweet HomeOwning a home can give you hefty tax write-offs each year, from deductions on points paid when you bought the home to deductions on mortgage interest and property taxes while you lived in it. When you sell your home, though, you also get some tax benefits: you can deduct the fees you incur to unload your home. You can still deduct a portio.... Read
Merits and demerits of partnership form of organization
...partnership because each individual partner in liable for the firm’s debt. 2. Limited Life of Firm The duration of the partnership is always uncertain. I partner dies, injured, withdraws, sells his interest, or a new partner is admitted into the business, or their arises difference, the partnership may come td an end. There are every possibilities of the dissolution of the firm due to internal d.... Read
Mutual duties rights and liabilities of partners in the absence of partnership agreement
...nd used exclusively for the purpose of the business. 7. Sharing of Profit/Loss Every partner shall have an equal share in profits/loss in a business, unless otherwise mentioned in partnership deed.8. Interest on Capital A partner is entitled to receive interest at the rate of 6% per annum on the excess money supplied over his capital. 9. Right to Retire A partner has the right to retire according .... Read
Partnership distinguished from co ownership
...haring of Profits and Losses A partnership is always entered into for business, it involve sharing of profits and losses. A co-ownership does not involve sharing of profits and losses. 5. Transfer of Interest A partner cannot transfer his right and interest to any person without consulting his partners. A co-owner can transfer his right and interest without the consent of the other co-owners. 6. R.... Read
Quantity theory of money by irving fisher
... (T).(3) Assumption of full employment is wrong. J. M. Keynes has raised en objection that the assumption of full employment is a rare phenomenon in the economy and the theory is not real.(4) Rate of interest ignored. In the quantity theory of Fishers, the influence of the rate of interest on the money supply and the level of prices have been completely ignored. The fact is that an increase or dec.... Read
Role of commercial banks in the economic development of a country
...d production in the economy.(6) Influencing economy activity. The banks can also influence the economic activity of the country through its influence on (a) availability of credit and (b) the rate of interest. If the commercial banks are able to increase the amount of money in circulation through credit creation or by lowering the rate of interest, it directly affects economic development. A low r.... Read
Sources of bank funds
...SOURCES OF BANK FUNDSA bank is a business firm. Its main aim is to earn profit. In order to achieve this objective it provides services to the customers. It offers a variety of interest bearing obligations to the public. These obligations are the sources of funds for the bank and are shown on the liability side of the balance sheet of a commercial bank. The main sources which supply funds to a ban.... Read
Importance of money market
...ns of economic growth, savings and investments.(vii) Help to government: The organized money market helps the government of a country to borrow funds through the sale of Treasury bills at low rate of interest The government thus would not go for deficit financing through the printing of notes and issuing of more money which generally leads to rise in an increase in general prices.(viii) Proper all.... Read
Laptops on finance no deposit for bad creditors
...ity, income and financial status of the borrowers. In this case, lender is at risk because without pledging any collateral, he/she offer loan amount to the borrowers. This is the main reason, rate of interest is charged comparatively higher and repayment duration is set quite affordable. Online is evaluated the best mode for searching the loan quotes from the market. A deeply research on the int.... Read
Payday loans new zealand option for emergency finance
...thly income must be at least $1500. The lenders are ready to pay an amount between $100 and $1500. They ask the borrowers to pay back the loan amount within 14 to 31 days. Everyone should note that interest rates for payday loans New Zealand are comparatively high. Payday loans New Zealand are free from hassles. Borrowers do not require faxing any documents on papers to the lenders. Borrowers w.... Read
Cash balance approach to the quantity
...umption goods. The Cambridge economists give undue importance the purchasing power of money in term of consumption goods. The theory ignores speculative motive of demand for money.(2) Role of rate of interest ignored. The cash balance theory excludes the role of rate of interest in explaining the changes in the price Level which is very important in 1nf the demand for money.(3) Unitary elasticity .... Read
The phases of business cycle
.... In the boom period, the overall business activity is rising at a more rapid rate. There is a rise in real output and incomes of the people. There is a rise in production, prices, employment, wages, interest rates, profits and in the volume of bank credit. The general mood of the businessmen is that of optimism and commercial.The industrial activity both speculative and non speculative shows rema.... Read
Lending institutions
...the employer lay foundation of a credit union, and save up their money with it on monthly basis. The amount is revered from their monthly salaries. Thus a huge fund is pooled and advanced a a nominal interest rate. Such loans are recovered in monthly installments from the salaries of the debtor employees. Employees use these loans for purchasing durable consumer goods as TV, refrigerators, furnitu.... Read
Functions of state bank of pakistan
... the banks to advance more loans. The SBP now requires the scheduled banks to maintain atleast 3.5% of demand and time liabilities with it.(c) Changing the discount rate. The bank rate is the rate of interest at which the SBP discounts the first class bills of exchange. The rise in the l rate pushes up the cost of borrowing of commercial banks and reduces money supply in the country. A decrease in.... Read
Methods of exchange control
...nments of the two countries agree to clear the accounts in home currencies through their respective central banks.(2) Transfer Moratoria. Under this system, the payments for the imported goods or the interest on foreign capital are not made immediately but are suspended for a predetermined period called as period of moratorium. A country adopts this method of exchange control for temporary solving.... Read
Role of commercial banks in the economic development of pakistan
...ts in the planned development of the economy.7. Provision of agency services. The commercial banks provide agency services to the clients. They receive and pay cheques. They collect dividends and pay interest and premium on behalf of the clients. They keep their valuables in safe custody. They help in the mobility of capital and thus stimulate capital in the country.8. Making capital available for.... Read
