What is Demotion?
Demotion implies the unavoidable reduction in the rank or designation of the employee, within the organization’s hierarchy. It may also lead to the loss of… Read More »What is Demotion?
Management Materials
Functions of the Central Bank
The central bank is recognized as the most powerful financial institution. It is considered to be an important part of a country’s economic and financial… Read More »Functions of the Central Bank
Social Responsibility
Social responsibility is an ethical framework in which an individual is obligated to work and cooperate with other individuals and organizations for the benefit of the community… Read More »Social Responsibility
What is Variance Analysis?
Variance Analysis is the difference between the actual amount of costs or revenue and the expected amount. Variance analysis compares actual amounts with the standard… Read More »What is Variance Analysis?
What is a Master Budget?
The master budget presents the summary of various functional budgets. It is prepared by consolidating different budgets and helps project profit and loss accounts and… Read More »What is a Master Budget?
What is NBFC?
NBFC stands for Non-Banking Financial Company and is highly involved in financial activities such as secured & unsecured loans, marketplace lending, leasing, hire-purchase, insurance business,… Read More »What is NBFC?
What is Form 15H?
Form 15H is an ideal tool for individuals well versed in the income tax procedure in our country. The income tax department provides several ways… Read More »What is Form 15H?
What is Government Budget?
A government budget refers to an annual financial statement that denotes its anticipated expenditure and expected revenue generation in a fiscal year. It is presented… Read More »What is Government Budget?
Difference Between Reserve and Provision
Reserve and Provision are two common terms often discussed in business. Both these terms are important for maintaining the integrity of a business. Difference Between… Read More »Difference Between Reserve and Provision
Difference Between PERT and CPM
PERT and CPM are two project management techniques that every manager should implement. These techniques help in displaying the progress and series of actions and… Read More »Difference Between PERT and CPM