Scope of Work and Milestones
by A scope of work (SOW) document is an agreement on the work you’re going to perform on the project The document includes Deliverables This is …
Tag: 202 Business Communication
Mixed Economy: Public Sector & Private Sector
It is a golden mixture of capitalism and socialism. Under this system there is freedom of economic activities and government interferences for the social welfare. …
Socio-economic implications of Liberalisation
There have been revolutionary change in Indian Economy since the espousal of new economic strategy in 1991. This had great impacts on all areas of …
Role of Government in Regulation and Development of Business
In a mixed economy, the private sector constitutes the largest sector of the economy. The roles of a government, in a mixed economy, is grouped …
Operation Research & Managerial Decision Making
Business managers face an endless list of complex issues every day. They must make decisions about financing, where to build a plant, how much of …
Optimum Size of the Firm
It is important to explain the concept of optimum firm. The optimum firm refers to the best or ideal size of the firm. More specifically …
Factors Affecting Optimum Size of the Firm
The six main factors responsible for determining the size of the firm are as follows: Entrepreneurial Skill The most important factor of comes is the …
Characteristics of Various Factors of Production
The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors …
Quasi Rent
The concept of quasi-rent was given by Alfred Marshall. He defined quasi rent as surplus earnings generated by the factors of production, except land. The …
Tax Audit
Section 44AB of the Income-tax Act, 1961 contains the provisions for the tax audit of an entity. As per these provisions, tax audit shall be conducted …
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