18Nov 2018 by admin

What are the Advantages of Forest?

Management
Forest helps in production of timber, regulation of stream flow, control. Of erosion, recreation, provision of wildlife habitat etc. Advantages of Forest (i) Influence on Climate: The crowns of the trees hold the moisture in because the force of the wind is broken so it makes the forest cool in the summer and warm in the winter. Image Source: climatechange.thinkaboutit.eu (ii) Control of Runoff: ADVERTISEMENTS: Leaves and branches of trees break the impact of rain, causing it to drip rather than a strong force. Rain is absorbed by ground, reducing surface run off. (iii) Flood Control: Forested watersheds help in avoiding extremes of water flow so aiding in flood prevention. (iv) Wildlife Habitat Provision: Wildlife uses the trees and forest as food and shelter. (v) Prevention of Soil Erosion: Water…
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18Nov 2018 by admin

Top 5 Limitations of Human Resource Accounting – Explained!

Management
No doubt HRA provides valuable information both for management and investors, yet its development and application has not been very encouraging. It is so because HRA suffers from some limitations. They are: Limitations 1. Not easy to value human assets: There are no guidelines differentiating the “cost” and “value” of human resources. The existing valuation system suffers from many drawbacks. After valuing human resources in a specific way, many of them may leave the organisation.Human life itself is uncertain and hence valuing the asset under such “foggy” conditions is not proper. Like physical assets, human assets cannot be owned, retained and utilised at the sweet will and pleasure of an organisation. Image Source: ccc.edu ADVERTISEMENTS: Hence, treating them as “asset” in the strict sense of the term would not be…
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18Nov 2018 by admin

Top 8 Essential Characteristics of a Sound Human Resource Policy

Management
HR policies should possess the following characteristics: Characteristics 1. The HR policy should present the principle that will guide the organisation’s actions and reflect a faith in the ethical values of employees. ADVERTISEMENTS: As Peter Drucker has observed, “The policies of an enterprise have to be balanced with the kind of reputation an enterprise wants to build up with special reference to the social and human needs, objectives and values”.It should be consistent with the overall philosophy and objectives of the organisation, as well as with labour laws and public policy. Image Source: grow3.com2 The HR policy should be formulated after considering the long range plans and needs of the organisation.The policy should be definite, positive, clear and easily understood by everyone in the organisation so that what it proposes…
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18Nov 2018 by admin

Neil H. Borden Has Listed the Following Elements of the Marketing Mix for Helping the Marketing Managers – Explained!

Branding
Neil H. Borden has listed the following elements of the marketing mix. This list can at best serve as a model and the marketing manager can rely upon it or can modify it as per his unique needs. Image Source: fedoraproxy.lib.virginia.edu Elements 1. Product Planning: (i) Products lines to be offered their qualities, design, etc. ADVERTISEMENTS: (ii) Market to sell – whom, were, and in what quantities.(iii) New product policy – R&D Programme. 2. Pricing: (i) Price level to be adopted.(ii) Specific prices to be adopted – odd, even, etc. ADVERTISEMENTS: (iii) Price policy – one price or varying prices; price maintenance; use of list prices, etc.(iv) Margins to be adopted for company, for trade. 3. Branding: (i) Selection of trade marks(ii) Brand Policy – individualised or family brands ADVERTISEMENTS:…
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18Nov 2018 by admin

4 Important Types of Sales Promotional Literature that a Small Export and Import Company would probably find most Useful and Practical

Business
Important types of sales promotional literature that a small company would probably find most useful and practical are as follows:For a small company, with a very limited product line, a single piece of sales promotion literature may be sufficient. In most cases this should be accompanied by an up-to-date price list. ADVERTISEMENTS: But many companies should really have a variety of pieces, each designed for different functions. The following are the types of literature that a small company would probably find most useful and practical. Types 1. The company brochure or leaflet: A simple brochure or leaflet describing the company is very helpful in creating a good initial impression and setting the stage for business talks.Such a publication should of course, describe the company’s products or product lines in fairly…
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18Nov 2018 by admin

8 examples of professional misconduct as defined in the chartered accountants act, 1949s (India)

Industry
Under Section 22 of the Chartered Accountants Act, 1949, professional misconduct has been defined as, ” For the purpose of this Act, the expression ‘professional misconduct’ shall be deemed to include any act of omission specified in any of the Schedules, but nothing in this section shall be construed to limit or abridge in any way the power conferred or duty cast on the Council under sub-section (i) of section 21 to enquire into the conduct of any member of the Institute under any other circumstances.” Clause – 1: ADVERTISEMENTS: “If he allows any person to practice in his name as a Chartered Accountant unless such person is also a chartered accountant in practice and is in partnership with or employed by himself.” According to this clause, no member of…
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18Nov 2018 by admin

13 Important Marketing and Technical Requirements for Good Packaging of a Product

Marketing
Important marketing and technical requirements for good packaging of a product are listed below: Marketing and Technical Requirements 1. Physical protection: i. Resistance against damages (shock, puncture, drop, crush)ii. Dimensions Image Source: jlt.com 2. Quality protection: i. Required shelf lifeii. Fitness packaging material for productiii. Barriers against light, oxygen, microbes, water, moistureiv. Protection of flavour, colour, etc. 3. Product promotion: i. Quality image ADVERTISEMENTS: ii. Display value, visibilityiii. Brand name promotioniv. Quality of decoration, printing, varnishing 4. Product information: i. Production recognition ADVERTISEMENTS: ii. Readability of textiii. Instructions for use, warnings, CE-markingiv. Information on weight, contents, keeps ability (legal)v. Name of manufacturer, seller, importer, origin. 5. Efficiency in use: i. Ease to handle, to empty, to open, to dispenseii. Pack stability, firmnessiii. Environmental acceptability, disposabilityiv. Child-proof 6. Convenience in use…
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18Nov 2018 by admin

Essay on the Consumer Movement in India (1740 Words)

Management
The basic idea behind the consumer protection movement is protection of the right of consumers. It was President Kennedy who declared the consumers’ rights for the first time in his message to the American Congress in March 1962.They were the right to information, the right to choose and the right to be heard.Later, International Organisation of Consumers’ Union added four more rights, viz, the right to redress, the right to consumer education, the right to healthy environment and the right to basic needs. These rights were incorporated in the United Nation’s Charter of Human Rights. The Government of India also recognised these rights later. Image Source: cdn.publishyourarticles.net ADVERTISEMENTS: The consumer movement exercises a considerable influence on the socio-economic environment of business. In a country like India where there is a…
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18Nov 2018 by admin

How to Maximize Returns from the Investments in Science and Technology in India? – Answered

Industry
In order to maximize returns from the investments in science and technology, it is necessary that policies covering S&T, Industry, Finance and Agriculture must be meaningfully intermeshed.The recent Industrial Policy has reserved only very few industries for the public sector, reduced the sectors where industrial licensing was earlier necessary, liberalised the procedures relating to technology acquisition and investment, removed the restrictions on large companies and redefined the goals of the public sector undertakings.For this, the technology development must take place in a competitive environment and the policy for industrial research and development should be appropriately reoriented. In the formulation of future policy for the industrial R&D, the spirit and guidelines of the New Industrial Policy must be followed. Image Source: current-affairs.org ADVERTISEMENTS: In consonance with the agricultural policy, S&T inputs…
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18Nov 2018 by admin

Essay on the Future of Youth in India (646 Words)

Industry
We are living in an era where the traditional forms and processes of teaching and learning are changing rapidly.The ancient ideal of the institutions of higher learning being a kind of cloister or an ashram where seekers of knowledge could abstract themselves from the persistent problems of daily life, and concentrate on higher values and principles, is no longer meaningful.One of the important aims of institutions of higher learning is to prepare the youth for work, to equip them for occupations, as well as prepare them for cultivated intellectual and human lives. ADVERTISEMENTS: The institutions of higher learning—the universities and colleges, come into contact with students in the formative stages of their life.The students not only study the prescribed syllabus but also acquire the intellectual equipment with which they face…
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