Contents – 1. Meaning and Definition of Material, Material Cost and Material Control. 2. Types of Material. 3. Objectives of Material Control. 4. Steps / Stages of Purchasing Procedure / Procurement Process. Meaning and Definition of Material – The basic input from which a product is manufactured is termed as material. In the production of any finished … Read more
Contents – 1. Meaning of Labour Cost & Labour Cost Control. 2. Control Over Labour Cost and Labour Cost Control Departments. 3. Causes & Measurement of Labour Turnover. 4. Methods of Wages Payment. 5. Types of Labour. 6. Importance and Factors of Labour Cost Control. Meaning of Labour Cost – Labour cost, representing the human contribution … Read more
Contents – 1. Classification and Analysis of Cost. 2. Cost Terminology. 3. Relevant Costs.4. Irrelevant Costs. Classification and Analysis of Cost – There are several ways in which costs may be classified, Following are the main basis of classification of cost : According to Elements- The cost may be classified into direct cost and indirect … Read more
Contents – 1. Meaning and Definition of Cost. 2. Meaning and Definition of Cost Accounting. 3. Objectives of Cost Accounting. 4. Advantages and Disadvantages of Cost Accounting. 5. Methods and Techniques of Costing. Meaning and Definition of Cost – The total expenditure inclusive of money, labour and time incurred on goods and services is called “cost”. In certain exception situation … Read more
What is Corporate Social Responsibility ? Corporate Social Responsibility (CSR) refers to a company’s commitment to operate ethically and contribute positively to society and the environment. It encompasses a range of initiatives aimed at addressing various social, environmental, and economic issues. These initiatives can include philanthropy, environmental sustainability efforts, ethical labor practices, and community engagement … Read more
Contents – 1. Meaning and Definitions of Business Decision. 2. Importance of Business Decision and Forms of Business Organisation. 3. Features of Sole Proprietorship. 4. Features of Partnership Firm. 5. Features of Joint Stock Company. 6. Features and Merits of Co-operative Organisation. Meaning and Definitions – Decision making is one of the most important skill a management need to have … Read more
What is Conscious Capitalism ? Conscious Capitalism is a business philosophy that emphasizes the idea that companies should serve a purpose beyond just making profits. At its core, it acknowledges that businesses have a responsibility to not only generate financial returns for their shareholders but also to contribute positively to society and the environment. This … Read more