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...Objectives of Business means the purpose for which the business is established. It is generally believed that the main objective of business is ta make profit and avoid loss. We do admit that profit is a driving force in undertaking any business activity but it is not the sole objective of any business. In the words of Urwick “earning of profit cannot be objective of a business any more than eat.... More >>
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Importance of business in the present day world
...The importance of business is that it provides products or services to customers. These products or services in the present day world are provided by entrepreneurswho organize, manage and assume the risk of starting businesses mainly for earning profit. Business makes the best possible use of scarce resources such as men, machines and materials for the production of goods. The importance of busine.... More >>
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...led to receive certain share of profit and is not held liable for the losses, he is known as partner in profit only. He is not allowed to take part in the management of the business. (f) Partner by Estoppel There is another minor type of partner which is called partner by estoppel. If person styles the character of a partner in a business before a third party (outsiders) by words or in writing or .... More >>
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Sole proprietorship and its characteristics
...Introduction The individual proprietorship or sore proprietorship is the oldest form of business organization. It is as old as the civilization itself. Historically, it appears that business started first with this form of organization. It is the simplest and natural type of organization. Sole proprietorship is also called individual proprietorship, or one man business. Sole proprietorship is a fo.... More >>
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...GT Natural Labs operates a GMP certified supplement manufacturing facility, and partners with several other high quality manufacturers to provide the broadest range of supplement Contract Manufacturing. Each of the strategically chosen partners has been picked because of their commitment to quality and expertise in their area. GT Natural Labs is a contract supplement manufacturer supported by expe.... More >>
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...singLegally there are two kinds of crossing (a) General Crossing and (b) Special Crossing.(a) General Crossing. The drawing up of two simple parallel transverse lines on the face of the cheque at the top left hand corner with or without the words & Co. Not negotiable or Account Payee only is known as general crossing. The effect of general crossing is that the crossed cheque cannot be paid at the .... More >>
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...The first thing in the formation of a Joint Stock Company is the preparation of the Memorandum Of Association. It is a document which sets out the constitution of the company and as such, is really the foundation on which the structure of the company rests. That is why Memorandum Of Association has often been called the charter of the company in its relation to this outside world. The promoters of.... More >>
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Finding the right web design india firm
... If you want to set up a business website, you are sure to need website design services. But, considering how many web design India firms are clamoring for your business. However, it is important that you choose the right website design company to ensure that you get the most out of your website. Looking For the Right Firm You have many ways of looking for the perfect Affordable website design.... More >>
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Business organization nature and scope
...Meaning of Business OrganizationBusiness organization is composed of two words, business and organization. In order to understand the nature of business organization, it is necessary that the meaning of these two words is made clear to the readers.(1) BusinessBusiness is a human economic activity. It involves continuous and regular production and distribution of goods and services with a view to e.... More >>
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Salient features or characteristics of partnership
...Definitions of Partnership. A partnership is an association of two at more persons to carry on as co owners of a business and to share its profits and losses. Section 4 of the Partnership Act defines partnership as “the relation between persons who have agreed to share the profits of a business carried on by all or any one of them acting for all.” ‘Persons who have entered into partnership w.... More >>
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...IGNOU has structured its B.Ed 2011 especially for students to make them experiences and strengthen the professional competencies of in-service teachers. To imbibe knowledge and develop an understanding of the various methods and approaches of organizing learning experiences of secondary school students. To develop skills required in selecting and organising learning experiences. To understand.... More >>
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Quantity theory of money by irving fisher
...TRANSACT APPROACHIrving Fisher an American economist, put forward the Cash Transaction Approach to the quantity theory of money. He in his book The Purchasing Power of Money (1911) has stated that the value of money in a given period of time depends upon the quant t money in circulation in the economy It is the quantity of money which determines t general price level and the value of money Any cha.... More >>
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Merits and demerits of partnership form of organization
...What is partnership?Partnership is an association of two or more individuals (but not more than 20) who agree to share the profits of a lawful business which is managed and carried on either by all or by any, or some of them acting for all. According to Haney, “Partnership is the relation between persons competing to make contract who agree to carry on a lawful business In common with a view of .... More >>
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Factors affecting working capital
...The working capital requirements of a business depends upon a number of ‘factors which in brief are as under:-(1) Nature of the business. The working capital requirements of an enterprise basically depends upon the nature of its business and operating cycle of the business. A trading concern, for instance, requires large amount of working capital for investment in stocks, receivables and cash et.... More >>
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10 most overlooked tax deductions
...rather than take the standard deduction. The sum of all of your miscellaneous deductions must be more than 2% of your AGI; therefore, if your AGI is $50,000, all of your miscellaneous deductions must top $1,000. The kicker, of course, is that you can deduct only the amount that exceeds 2% (that is, the amount above and beyond $1,000). Selling Your Home, Sweet HomeOwning a home can give you hefty t.... More >>
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Phpbb customization and phpbb application development
...PHPBB is a term that refers for PHP Bulletin Board that is a well known internet forum created using PHP language. PHPBB is an influential gizmo that helps in creation of custom planned profile fields and generate custom defined Bulletin board. PHPBB is free software existing for GNU General public License. PHPBB carries highly developed interactive features.PHPBB customization & PHPBB applicati.... More >>
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Mutual duties rights and liabilities of partners in the absence of partnership agreement
...The duties, rights and liabilities of partners in the conduct and management of the affairs of the partnership are contained in its partnership deed. However, if on any point, the deed is silent, then the relevant rule of the Partnership Act, 1932, will apply. In the absence of a written partnership agreement, the mutual rights and duties of partners shall be governed by the Partnership Act which .... More >>
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Role of commercial banks in the economic development of a country
...Commercial banks play an important and active role in the economic development of a country. If the banking system in a country is effective’, efficient and disciplined, it brings about a rapid growth in the various sectors of the economy. The economic significance of commercial banks is given in brief.(1) Banks promote capital formation. The commercial banks play an important role in rising of .... More >>
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...palFamily: folksChildren: kidsBoy: guyPolice officer: copAnnoyed: fazedAngry: madOut of money: brokeComplain: gripeExaggerate: lay it on thickRepeat a criticism: rub it inGet very angry: blow your topDo something trick: pull a fast oneSpectacles: cheaters, eye glassesBeaten badly: take a lickingAdvertisements: adsA list of more informal wordsI’ve, I’m, she’s, we’re, they’re, em, won.... More >>
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Information about professional phpbb hosting
... Phpbb is essential in website management and designing. Most hosting websites require that you download phpbb before accessing their site to run your own page. When looking for a phpbb hosting website, it is important to do your research. Some sites will charge you to run the programs and download phpbb; however, phpbb may be downloaded for free. www.cirtexhosting.com is just one of the web.... More >>
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