E-commerce refers to a dynamic set of technologies, application and business processes that link buyers and sellers through electronic networks to carry out commercial transaction and exchange goods, services and information. It involves – Market transactions conducted over electronic networks Interactive platform for trade related activities Buying and selling ofRead More →
What is Internet ? Internet is a global system of interconnected computer networks that use standard internet protocol suite to kink several devices worldwide. It is an international network of networks, linked by optical, wireless and electronic networking technologies which consists of business, public, educational and government networks. It carriesRead More →
What is Information System (IS) ? An information system can be defined as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making and control in an organization. In addition to supporting decision making, coordination, and control, information systems may also helpRead More →
According to Coleman, “Human Resource Planning is the process of determining manpower requirements of an organization and the means for meeting those requirements in order to carry out the integrated plan of the organization” According to Stainer, “Human Resource Planning is the strategy for acquisition, movement and preservation of humanRead More →
According to Dale Yoder, “Grievance is written complaint filed by an employee and claiming unfair treatment” According to Beach, “It is any dissatisfaction or feeling of injustice in connection with one`s employment situation that is bought to the notice of the management” Causes of Grievances – Unsatisfactory working conditions UnsatisfactoryRead More →
A firm must decide whether to distribute all profits, retain them, or distribute a portion and retain the balance. Dividend decision is essentially a trade-off between retained earnings and issue of new shares. Dividend decision model helps a firm to make a profitable choice between the two. Dividend decisionRead More →
According to the Institute of Chartered Accountant of India, dividend is defined as “a distribution to shareholders out of profits or reserves available for this purpose”. Dividend refers to that portion of profits after tax which is distributed among the owners/shareholders of the firm. It is the return thatRead More →
Hardware Hardware refers to all devices that are physically connected to a computer i.e. something that can be physically touched. Without any hardware, software would have nothing to run on. Hardware is the physical part of a computer which includes the digital circuitry as distinguished from the computer softwareRead More →
MS Word Microsoft Word is a widely used commercial word processor designed by Microsoft. It is a paid software that helps in preparing, editing, storing and printing documents quickly and with accuracy. MS Word is a part of the Microsoft Office suite, a productivity software and can also be purchasedRead More →
Long term Sources of Finance Long-term Financing involves long-term debts and financial obligations on a business which last for a period of more than a year, usually 5 to 10 years. Features of Long-term Sources of Finance – It involves financing for fixed capital required for investment in fixed Assets ItRead More →
Machine Language Machine Language is the language written as strings of binary 1`s and 0`s. It is the only language which a computer understands without using a translation program. A machine language instruction has two parts. The first part is the operation code which tells the computer what function to performRead More →
Incentives refer to rewards given to employees in monetary on non-monetary form in order to motivate them to work more efficiently. It is also known as payment by results (PBR) as they are paid in lieu of outstanding performance by an employee. An employee is paid an incentive in monetary or non-monetaryRead More →