Methods of Overhead Absorption | Advantages & Disadvantages
Methods of Overhead Absorption There are various methods of absorption of factory overhead. Some of the methods are briefly explained below. 1. Production Unit or Cost Unit Method This …
Levels of Management and their Functions
With the growing complexities of business, the process of management also become more complicated and calls for a higher degree of skill and ability. Particularly in view of the …
Payment of Stock Dividends (Bonus Shares) | Advantages and Disadvantages
Payment of Stock Dividend (Bonus shares) Under stock dividend, the board of directors authorize the distribution of bonus shares to the existing shareholders. These additional shares issued are called …
Importance and Advantages of Quality Control System
The programme of quality control is advantageous to both producers and consumers. On one hand, a quality product will satisfy the customers’ needs and consequently the demand of the …
Preventive Maintenance | Forms | Elements | Objectives
What is Preventive Maintenance? Preventive maintenance consists of routine actions taken in a planned manner to prevent breakdowns. Lubrication and inspection are the two constituents of preventive maintenance. Lubrication …
Important Stages in Vendor Selection and Evaluation
Stages in Vendor Selection and Evaluation The following are the important stages in selection and evaluation of vendors. 1. Survey Stage All possible sources are explored and their capabilities …
6 Important factors of Business Environment and their Influence on Business
Factors of Business Environment and its Influence Business Environment is not concerned with a single factor. It comprises of several factors and each factor influences the business firm in …
Reasons for Government’s Intervention in Private Business
Reasons for Government’s Intervention in Private Business The brutal consequences of free trade economy around the world compelled the Government, social thinkers and economists to stress for some sort …
10 Strategies for Growth of Business
Top 10 Strategies for Growth of Business Strategy is a plan of action designed to achieve a particular goal. Business growth strategy is a practical approach to achieve growth …
6 Areas to be Enquired and Reported by Auditor in Company Audit | Role of Auditor
Enquiry and Report by Auditor in Company Audit – Role of Auditor The followings items are to be enquired into by the auditor and report on such items only …