Basic Concept With Cost Concepts
Cost concepts and Other Basic Concepts Accounting cost / Economic cost Accounting Cost includes all such business expenses that are recorded in the book of accounts of a business firm…
What is Demand Forecasting? Definition, Objectives, Importance, Methods.
What is Demand Forecasting? Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods,…
Computer Hardware: Evolution,Types, Hardware and Peripherals, Data Processing
Computer Hardware Today many jobs mainly depend on the either the creation or collection, and distribution of information. This topic addresses the different advancements in computer technology. Computer Generations As…
Foundations Of Individual Behavior Organization As An Iceberg, Meaning
Individual Behavior in organizations Individual behavior is actions of people. The focus and goals of individual behavior within organizations vary from one person to another. Generally this individual behavior is…
What is Financial Statements? Preparation, Limitations, Nature
What is Financial Statements? A financial statement is an organised collection of data prepared in accordance with logical and consistent accounting procedures. Its function is to convey an understanding of…
Communication : Functions, Process, Interpersonal Versus Organizational, Barriers To Effective, Leadership
Communication Functions Communication serves five major functions within a group or organization : management, feedback, emotional sharing, persuasion, and information exchange. Communication acts to manage member behavior in several ways.…
Rectification of Errors
What is Rectification of Errors? The process of correcting the errors committed and to set the accounting records right is called rectification of errors. So accounting errors are the errors…
Market Structure
What is market structure? Market structure can be explained as interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion…
What is monopoly? Definition, Features, Types, Price-output determination
What is monopoly? The term monopoly has been derived from Greek term Monopolian that means a single seller. Thus, monopoly is a market condition in which there is a single…
Monopolistic Competition: Meaning, Features, Price determination
What is Monopolistic Competition? Monopolistic competition is a situation of market in which the number of producers and sellers is large though not so large as to create the situation…
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