28Oct 2018 by Reese Bannister

Huge Collection of Circular Letters for Students (9 samples)

Business
Read Circular Letters on: 1. Circular on Appreciation for Work 2. Circular Inviting Fixed Deposit 3. Circular from Transport Company 4. Circular from Transport Co. for Business 5. Circular for Independence Day Celebrations 6. Circular about V.C.R. 7. A Sample Tender Circular 8. Sample Circular Regarding Office Timings 9. Sample Circular to Save Electricity. 1. Circular on Appreciation for Work (Company Name) (Address) (Date) Circular No. ____________The company management wishes to convey its heartfelt appreciation to the staff of our organization for the special effort shown during the ‘public relations’ week last month. ADVERTISEMENTS: Everyone was very co-operative in going to the clients and impressing upon them the quality of our goods.This has resulted in a net profit hike of ____________% in one month. Thus, the company has decided to…
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28Oct 2018 by Reese Bannister

How to Write an Enquiry Letter to a Manufacturer? – Answered!

Marketing
To (Company Name) (Address)Sirs,We take the pleasure in informing your good selves that we are one of the major manufacturers of plastic prod­ucts in the country and enjoy a good market reputation in the trade circle. We have been in the market for the last ____________ (Years). Plastic products are catching up rapidly with more and more people preferring plastic products. Keeping this in view, we are planning to increase our production capacities by installing ____________ (No. of Machines) additional ma­chines. Image Source: faireducationpoint.com ADVERTISEMENTS: We came across your products at the ____________ (Company Name & Address) which we really appreciated. We also have Import License as actual users. You are therefore requested to kindly send an illustrative catalogue of your latest machines of different varieties. Along with it kindly…
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28Oct 2018 by Reese Bannister

How to Write a Warning Letter Regarding No Payment of Dues?

Management
Dear Sir,We regret that no reply is received to our letter ____________ (Days). We are unable to understand the reason for your silence and non-payment. Our representative tried to meet you in ____________ (Address), on ____________ (Date) but in vain.We again ask you to make the payment of ____________ (Amount), within a week from the date of this letter. Failure to do so shall compel us to take legal action. In case the matter is handed over to our lawyer, you shall be responsible for all the costs and consequences. Image Source: holmes-hills.co.uk ADVERTISEMENTS: We hope you will pay heed to the matter and arrange to send the money within a week.Yours faithfully, (Your Name) (Company Name)Dear (Name), ADVERTISEMENTS: Please regard this as an application for the position of Customer…
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28Oct 2018 by Reese Bannister

How to Write Reminder Letters for the Settlement of Accounts? – Answered!

Business
1. Reminder to Settle the Account Dear Sir,Our Auditors have drawn my attention to your account which still remains unsettled in spite of the fact that it is now considerably overdue. It seems the enclosed account has escaped your notice.Therefore, we request you to settle the account at the earliest as I have a heavy bill to meet and have no alternative at present. In case you find the enclosed statement of account incorrect, or you have any complaints to make, please inform us immediately, so we may do our best to settle them. Image Source: cdn2.hubspot.net 2. Another Example ADVERTISEMENTS: Dear Sirs,We don’t know whether the enclosed statement of account amounting to ____________ (Amount) has escaped your notice, or its payment is being temporarily withheld for some specific reason.If…
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28Oct 2018 by Reese Bannister

4 Limitations of Balance of Payments Accounts

Accounting
4 Limitations of Balance of Payments Accounts are as follows: 1. Coverage of Transactions: (i) Central Banks, Governments, and other Authorities: Transactions of the central banks, governments and international institutions pose conceptual and logical problems regarding their inclusion. ADVERTISEMENTS: According to one opinion, BOP account should make a clear distinction between the “autonomous” or “market induced” transactions and “accommodating” transactions undertaken by the central banks and governments etc. The authorities are expected to undertake only the accommodating transaction.In effect, however, their transactions cover both varieties and this poses a problem of estimating the overall BOP surplus/deficit. Image Source: c-r-solutions.comThus, for example, governments frequently enter into defence deals or deals motivated by political considerations, and the transactions of central banks (including those meant for ensuring an orderly working of the foreign…
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28Oct 2018 by Reese Bannister

What is Organisation of Petroleum Exporting Countries (OPEC)?

Industry
The Origin: As the name suggests, Organisation of Petroleum Exporting Countries (OPEC) is an association of countries which are substantial net exporters of oil and which subscribe to a set of commonly agreed objectives.It is a permanent, intergovernmental organisation. Created at the Baghdad Conference on September 10-14, 1960, by five countries, viz., Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.It was later joined by eight others: Qatar (1961), Indonesia (1962), Socialist People’s Libyan Arab Jamahiriya (1962), United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973) and Gabon (1975).Two countries, Ecuador and Gabon, left OPEC in 1992 and 1994, respectively, reducing its membership to the remaining 11 countries. It started with its headquarters at Geneva, and moved to Vienna, Austria, on September 1, 1965. Image Source: 2.bp.blogspot.com ADVERTISEMENTS: OPEC produces around…
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28Oct 2018 by Reese Bannister

12 Disadvantages of Foreign Aid

Strategy
12 Disadvantages of Foreign Aid are as follows: 1. A Small Portion of Investment: It is claimed that even under most favourable circumstances, foreign aid can only contribute a small proportion of the investment needs of a developing country.The major growth effort has to be its own. It is, therefore, a risky strategy to depend upon foreign aid for growth, particularly because of the risks involved in the form of growing external indebtedness and other possible ill-effects.Critics claim that with a strong will and adequate effort, a backward country should be able to get out of its state of poverty and backwardness. Image Source: campaign.worldvision.com.au 2. Aid Dependence and Aid Fatigue: Growth through foreign aid is a long drawn out process. Therefore, with the passage of time, aid-givers develop an…
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28Oct 2018 by Reese Bannister

4 Types of Approach to Decision-making within an Organisational Setting

Management
Information on the different approaches to decision-making are given below:There are several approaches to decision-making which offer insight into the process by which managers arrive at their decisions. Rational approach is appealing as it is logical and economical. ADVERTISEMENTS: The other approach is the behavioural approach which attempts to account for the limits on rationality in decision-making.The third approach, namely, the practical approach combines features of the rational and behavioural approaches. Image Source: decision-making-solutions.comFinally, the personal approach focuses on decision-making processes individuals use in difficult situations. A. The Rational Approach: Rational decision-making approach is a systematic, step-by-step process for making decisions. It assumes that the organization is economically based and managed by decision-makers who are absolutely objective and have complete information. ADVERTISEMENTS: The steps of rational decision-making approach are as…
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28Oct 2018 by Reese Bannister

Important Objectives of Performance Appraisal in Management of Educational Institutions

Management
Important Objectives of performance management are given below:Performance appraisal is not something entirely new for educational institutions. Teachers are aware that they are being judged and evaluated by students, peers and superior all the time, be it formally or informally. However, it is necessary to evolve a formal, scientific and systematic PA system.First step in this direction is to understand the objectives of Performance appraisal which include: ADVERTISEMENTS: i. To assist teachers in their professional development and career planning.ii. To assist those responsible for making decisions about the management of teachers.iii. To improve the quality of education for students.iv. To assist teachers to realize their potential and to carry out their duties more effectively. Image Source: performance-management-consulting.com ADVERTISEMENTS: v. To provide judgment to support promotions, demotions, transfers, confirmation or termination.vi.…
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27Oct 2018 by Reese Bannister

5 Great Anthropologists of India and Their Contributions in the Field of Anthropology

Management
Indian anthropologists who made great contributions towards Anthropology are listed below: 1. N. K. Bose: Normal Kumar Bose is a highly familiar and respected name in Indian Anthropology. He was born in 1901. He got his schooling at Patina and Ranchi and higher education at Calcutta. He did his Master’s in Anthropology in 1925.He was involved in freedom struggle and his academic career was interrupted several times by certain nationalist events. He taught anthropology at Calcutta University. bigfyda.com ADVERTISEMENTS: N. K. Bose also served as a visiting scholar in the University of California, Berkley and Chicago. He also acted as the Director, Anthropological Survey of India during 1959-64 and served as advisor on tribal affairs, Government of India.He retired in 1964 and from then onwards served in various capacities. He…
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