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Office Layout: Its Meaning, Objectives and Importance
Meaning of Office Layout Different tangible, as well as intangible things are required in an office. Without such things, the office cannot run properly and the objective of the office establishment cannot be achieved. Thus, all things or resources in an office need to be structured and arranged properly. Such act of arranging and structuring…
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Conflict Management : Let’s Understand It
What is Conflict? Conflict is the state of high or low level of struggle, argument, or disagreement between two parties. It is a process that begins when one party perceives something she/he cares about is being or will be affected negatively by another party. In an organization, there are people from different backgrounds, caste, creed,…
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Human Development Index (HDI) : What Is It All About?
The Human Development Index (HDI) is an index of the development of human living in economic as well as other measurable terms. The HDI is used as a key indicator to know, understand and compare the development of countries around the world. The HDI was created to emphasize that people and their capabilities should be…
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Different Modes of Payment
An individual or institution has to pay a certain amount to another person or institution at different times. Such payment is made by using different means or methods or instruments. These means, methods and instruments used by a customer to make payment to another party through a banking system are called modes of payment. Such…
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Indexing : Knowing Its Different Aspects
What is Indexing? An office is established to achieve some set of goals. To achieve such goals, the office has to perform different functions. In order to perform such functions, different facts, figures, and information are needed. Such facts, figures, and information can be obtained from different sources. These sources could be in the form…
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Selection : A Necessity To Make HRM Effective
After creating a pool of applicants for a job, it is important to decide which applicants are to be considered further and finally hired for the job. This decision of further consideration and picking the best ones is done through selection. Selection is the systematic process to decide which applicants to hire. It is the…
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Motivation : Concept, Features, Importance , Key Theories and Strategies
Concept of Motivation There is inherence of desires, needs and wishes in every employee working in an organization. They want these desires, wishes and needs to be fulfilled by means of their working in the organization. This is the base for motivation. Motivation is the way by which employee needs are fulfilled to develop a…
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National Income : Meaning, Different Concepts, Methods of Accounting and Difficulties in Measurement
Meaning of National Income National income is used to denote national dividends, national output and national expenditure interchangeably. Thus, its concept, understanding and definition are different from different perspectives. In a simple sense, national income is the total value of goods and services produced annually in a country. In other words, it is the accumulated…
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Credit Investment and Its Principles
What is Credit Investment? A bank acts as a bridge between those having surplus and those in shortage of funds or cash. It collects deposits from individuals and institutions through different deposit schemes. The cash collected through such schemes is given as a loan or credit to others after maintaining compulsory and needed reserves. Such…