29Nov 2018 by admin

7 Basic Characteristics of a Perfect Competitive Market

Industry
Perfect Competition refers to a market where large numbers of buyers and sellers, well aware of the market conditions, compete among themselves freely so that the prices of same goods tend to be equal.Perfect Competition is also called Perfect Competitive market or simply the perfect market. In this market no individual buyer or seller can influence the market price in any way.According to Cournot, “A perfect market is one in which the buyers have no preferences as between different units of the commodity offered for sale, sellers are quite indifferent to whom they sell and both buyers and sellers have full knowledge of prices in other part of the market.” Image Source: upload.wikimedia.org ADVERTISEMENTS: From the above definition it is clear that perfect competition is an ideal form of market…
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28Nov 2018 by admin

7 Short Questions with Answers for School Students on “Environmental Pollution”

Management
Q. 1. Name different types of pollutions. Define them.Air pollution may be defined as the presence of one or more contaminants in the atmosphere in such a quantity and of such duration as is or tends to be injurious to human health of welfare, animal or plants or properties or would unreasonable interfere with enjoyment of life and property. Image Source: kalyankrishna4886.files.wordpress.com ADVERTISEMENTS: Water pollution is defined as presence of any foreign substance (organic, inorganic, biological or radiological) in water which tends to degrade the quality so as to constitute a hazard, or impair the usefulness of water.Soil pollution is the introduction of substances, biological organisms or energy into the soil, resulting in a change of the soil quality, which is likely to affect the normal use of the soil…
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28Nov 2018 by admin

20 Multiple Choice Questions (MCQs) with Answers on Effects of Human Activities on Environment

Industry
1. Agricultural activity such as tilling, harvesting, heating and ventilation are direct consumes of: (a) Energy(b) Air ADVERTISEMENTS: (c) Sun(d) Heat Image Source :russia-insider.com2. Which of the following is not the effect of modern agriculture? ADVERTISEMENTS: (a) Nitrate pollution(b) Eutrophication(c) Biomagnification(d) Ozone depletion ADVERTISEMENTS: 3. Housing affects: (a) Neighbourhood(b) Energy consumption(c) Water consumption(d) All of the above 4. The human activity, among the following, which causes maximum environmental pollution having regional and global impacts, is: (a) Urbanization(b) Industrialisation(c) Agriculture(d) Mining5. Production, transformation and use of energy are the major problems of: (a) Industrial activity(b) Sustainable development(c) Global warming(d) Acid rain6. A chemical industry is not a cause of:(a) Air pollution(b) Noise pollution(c) Water pollution(d) Nuclear pollution7. Electronic waste is the adverse effect of: (a) Industry(b) Agriculture(c) Housing(d) Mining8. Extraction of…
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28Nov 2018 by admin

9 Important Procedure Involved in the Environmental Impact Assessment in India

Management
The Important Procedure Involved in the Environmental Impact Assessment in India are: 1. Project Proposal: Any proponent embarking on any major development project shall notify IAA (Impact Assessment Agency) in writing by the submission of a project proposal. The project proposal shall include all relevant information available including a land-use map in order to move to the next stage which is screening. The submission of a project proposal signifies the commencement of the EIA process. Image Source: lisamdrake.files.wordpress.com 2. Screening: ADVERTISEMENTS: Screening is done to see whether a project requires environmental clearance as per the statutory notifications. At this stage, the project proponent decides the type of project and also about requirement of Environmental Clearance. If required, the proponent may consult IAA. 3. Scoping and Consideration of Alternatives: Scoping is…
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28Nov 2018 by admin

Legal Provisions of Order XL of Code of Civil Procedure, 1908 (C.P.C.), India – Appointment of Receiver

Accounting
Where it- appears to the court to be just and convenient, the court may, by order, appoint a receiver of any property whether before or after decree; remove any person from the possession or custody of the property; and commit the same to the possession, custody or management of the receiver (Order XL, Rule 1).The appointment of a receiver is in the discretion of the court. That discretion has to be exercised not arbitrarily but cautiously, judicially and according to legal principles after a consideration of the circumstances of the case. The main object and purpose of his appointment is the preservation of the subject-matter of the litigation pending a judicial determination of the rights of the parties thereto.He is appointed for the protection of rights of the parties or…
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28Nov 2018 by admin

Essay on Ethical and Legal Aspects of Hospital Administration in India

Management
The increasing number of medicolegal cases has made it necessary for hospitals and medical administrators to become aware of the medicolegal aspects to minimise civil and criminal litigation and ensure quality of medical care.In India, lawyers as yet have very little training and exposure in the complex issues involved in medical care.Therefore, health care personnel must understand the basic medicolegal issues involved in personal injury, negligence, malpractice, medical frauds, professional incompetency, and ethical issues in human experimentation, defensive medicine, organ tran­splants, reproduction medicine, sex determination and genetic counselling. Image Source : scorenashville.org ADVERTISEMENTS: Then only they can do the right things, and protect themselves from frivolous litigations.Government hospitals in the past were considered to represent the sovereign power, and under the dictum “sovereign can do no wrong” were considered immune…
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28Nov 2018 by admin

8 Medical/Professional Acts That is Applicable to Hospitals in India

Management
Important Medical/Professional Acts that is Applicable to Hospitals are given below: 1. Indian Medical Council Act, 1933: Indian Medical Council Act, 1933 lays down the code of ethics for medical practitioners and regulates medical education.State Medical Councils established under the act have the same function in their respective states except that recognition of teaching hospitals is centrally governed by the IMC act. Image Source : download-free-wallpaper.com 2. Indian Nursing Council Act, 1947: ADVERTISEMENTS: Indian Nursing Council act, 1947 act lays down the educational standards and requirements for registration of nurses. 3. The Pharmacy Act, 1948: The Pharmacy Act, 1948 deals with the establishment of pharmacies and drug stores and with the profession of pharmacist’s.A hospital has to acquire a drug licence if it sells drugs across the counter, where only…
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28Nov 2018 by admin

Legal Provisions of Order XXII of Code of Civil Procedure, 1908 (C.P.C.), India – Abatement in General

Management
Abatement implies a suspension or termination of proceedings in an action for want of proper parties or owing to a defect in writ of service.Formerly almost every change of interest after the commencement and before the termination of proceedings caused an abatement or termination. But now a cause or matter shall not be abated by the marriage, death or bankruptcy of any of the parties, if the cause of action survives, nor shall it abate by changes in title during the pendency of the suit.In India abatement of proceedings is governed by Order XXII of the Code of Civil Procedure. Rule 1 provides that the death of a plaintiff or defendant shall not cause the suit to abate if the right to sue survives. “Right to sue” means the right…
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28Nov 2018 by admin

What are the Various Sources of Potential Suppliers for a Manufacture?

Industry
Every organisation maintains a list of vendors, trade group-wise whom they approach for their need of materials. This list is under constant review. Unsatisfactory suppliers are eliminated and new suppliers are added to enhance competition.Also new suppliers have to be found for newer materials required on ever expanding business. How does one obtain information regarding potential suppliers? An important function of the purchase research section will be to obtain this information from the following sources and keep a classified record for reference when necessary.The sources of information regarding the potential suppliers are: ADVERTISEMENTS: 1. Newspaper advertisements2. Trade directories3. Catalogue, price lists etc.4. Trade journals ADVERTISEMENTS: 5. Salesmen6. Advertised tender7. Telephone directories8. Exchange of information between similar companies ADVERTISEMENTS: 9. Trade exhibitions and fairs10. Personnel from other departments of the company11.…
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27Nov 2018 by admin

Mahatma Gandhi’s View on Panchayati Raj – Essay

Industry
Mahatma Gandhi favoured the development of panchayats, and he had made panchayats a part of his political programme since the Non-Cooperation Movement. But not all sections of the political leadership were equally enthusiastic about it Jawaharlal Nehru and B.R. Ambedkar, for their own reasons, were not too keen about it. In fact the Draft Constitution did not even mention it.After considerable procedural wrangles and more in deference to the wishes of Gandhiji, it was finally incorporated in the Constitution and that too as a thing to be merely desired.The Constitution did not contain any provision for the exact form that local self-government should take. It only stated as one of the Directive Principles; that states should take steps to organise village panchayats and endow them with functions as units of…
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