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Performance Evaluation: Knowing It A Bit Better
Concept of Performance Evaluation Performance evaluation is making the judgment about the performance of subordinates by the superiors in an organization. It is the process of checking how close is the actual performance to the needed performance. Performance evaluation is comparing the actual and standard performance of employees and providing necessary feedback to keep the…
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Investment : Meaning, Types, Determinants and Marginal Efficiency of Capital (MEC)
Meaning of Investment Investment is used primarily in two senses: financial sense and economic sense. In a financial sense, investment means purchasing and selling bonds, gold and stocks. But in an economic sense, these activities are just transfers of ownership as such investment does not increase the aggregate income and employment of the economy. Thus,…
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Fund Management : Concept, Types, Importance and Methods
Concept of Fund Management The fund is a pool of money set aside for a specific purpose. In banks and financial institutions, It is required to perform different activities in an organization. In a simple sense, a fund is the cash held, used, and set aside for different pre-determined or contingency situations. Fund management is…
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Internal Check – AN Overview
An internal check is a part of internal control. It is concerned with the arrangement of duties of various employees of a business in such a way that the work of one employee is automatically checked by another employee. It is the mechanism set to identify mistake conducted by one employee by another employee and…
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Training: Concept, Process, Methods and Importance
Concept of Training Every job in an organization has some specific requirement of knowledge, skills and abilities to perform it. The employee performing that job might or might not have a sufficient level of such knowledge, skills and abilities. In case job-required skills and abilities are insufficient, the training fulfills such insufficiency of knowledge, skills…
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Corporate Governance : Concept, Elements and Importance
Concept of Corporate Governance Corporate governance is a mechanism to operate or govern a business more transparently and fairly. It is a set of processes, rules, regulations, or laws used to operate, regulate and control businesses. It is related to all internal and external factors that affect the interest of business stakeholders including shareholders, customers,…
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Per Capita Income : Just Its Concept
Per capita income refers to the average income earned by people of a country during a particular year. In other words, the average national income earned by an individual of a country in a particular year is called per capita income. It is a key indicator of the national economy and living standard of people…
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Fund Management : Concept, Types, Importance and Methods
Concept of Fund Management The fund is a pool of money set aside for a specific purpose. In banks and financial institutions, It is required to perform different activities in an organization. In a simple sense, a fund is the cash held, used, and set aside for different pre-determined or contingency situations. Fund management is…
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Auditing – An Introduction
Concept of Auditing Auditing is derived from the Latin word “Audire” which means “Listen”. Traditionally, a businessman used to appoint a person and asked him/her to go to the accountant to look after any suspicious transactions. Such appointed person used to go to the accountant with the queries about the suspicious transaction and listen to…
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Role Of Banking Sector In Economic Development
Banking sector is a key component of the economic system of a country. They do not just collect and mobilize scattered and small savings of a country. They have a huge role to play in credit creation and capital formation. The lending business of banking sector always has positive and multiplier effects on national GDP…