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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…
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Filing : Meaning, Objectives, Importance, Methods of Classification and Qualities of Good Filing
Meaning of Filing Filing is a systematic method of record keeping. It is carefully keeping and preserving letters, vouchers, bills, reports, and other important documents. It is the process of arranging and preserving documents of different kinds for future reference. It is the art of keeping documents and letters safely so that they can be…
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Recruitment – A Key Function of HRM
Recruitment is the process of finding the right and suitable candidate for a job. It can be defined as the process of finding and hiring rightly qualified candidates for a job either internally or externally by an organization. Recruitment is the process through which prospective employees are searched and stimulated to apply for the job…
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Fayol’s Principle of Administrative Management – The 14 Principles of Management
Fayol’s Principle of Administrative Management – The 14 Principles of Management Henry Fayol (1841-1925) was a French engineer who worked for a coal mining company and retired after 30 years of being Managing Director of the company. He was given the responsibility as the Managing Director when the company was in a state of insolvency.…
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Macroeconomics – AN Overview
Meaning of Macroeconomics Macroeconomics is another important segment of economics. As the term implies, macroeconomics looks at the overall, big-picture scenario of the economy. It is the branch of economics that studies how an overall economy—the market or other systems that operate on a large scale behaves. Macroeconomics studies economy-wide phenomena such as inflation, price levels,…
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Deposit : Meaning, Types and Mobilization
Meaning of Deposit A deposit is an act of keeping or placing money with the bank. It is done through a bank account opened with the bank which may or may not provide interest to the depositor. Such accounts are opened as per the need of customers along with integrated facilities provided by a bank.…
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Record Management : Taking A Glance Of It
Record and Its Types A record Is the collected information concerned with activities of an organization. It acts as basis for present and future organizational activities. Record is the pool of information created and received in an organization which is kept in written or digital form for future reference. It has significance in planning, decision…
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Job Analysis : What It Is And What It Includes?
Meaning of Job Analysis Job is the division of total work into different positions. It is a group of positions with corresponding duties. Job analysis is the process of collecting and studying job information. It is a detailed and systematic study of the job to know the job composition and nature and characteristics of the…
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