DEFINITIONS OF CONTROLLING BY DIFFERENT AUTHORS

The word "controlling" has several different meanings. Here are some of the definitions of controlling that are used most frequently. According to Harold Koontz , "Controlling is the m…
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DEFINITIONS OF LEADERSHIP BY DIFFERENT PEOPLE

Numerous scholars have given stern definitions of the term "leadership." For this reason, we will list several definitions. According to Alford and Bratty , Leadership is the ability to sec…
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BUSINESS FUNCTIONS (COST, REVENUE, AVERAGE COST, PRICE, DEMAND)(CALCULUS)

Various functions are used in economics and business. In today's post, we will be focusing on just a few of them. We start with the cost function. Cost function The cost function represents the t…
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MEANING AND REASONS FOR THE TIME VALUE OF MONEY CONCEPT

The time value of money is the concept that the value of money today exceeds its value at some point in the future. The time value of money is an important concept when making financial decisions an…
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PRICE ELASTICITY OF DEMAND VIA POINT ELASTICITY OF DEMAND (CALCULUS)

Price elasticity of demand is the degree of responsiveness of the quantity demanded of a good to changes in the price of the good. We have learned to solve the price elasticity of demand from one po…
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PATH GOAL THEORY OF LEADERSHIP

The path-goal theory of leadership is a contingency theory of leadership developed by Robert house in 1971 . The path-goal theory of leadership was created to explain how leaders can help followers …
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8 CAUSES OF DIFFERENCE IN CASH BALANCES AND BANK STATEMENT

Cash book, as you might probably know, is a subsidiary book used for recording receipt and payment of cash by the organization. The bank statement is a statement prepared by a bank detailing records…
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RENSIS LIKERT'S 4 MANAGEMENT SYSTEM

After researching the patterns and management styles in more than 200 organization in the 1960s, American psychologist Rensis Likert and his colleagues at the University of Michigan developed four mo…
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TRAIT THEORY OF LEADERSHIP

The trait theory of leadership holds that great leaders share a set of traits or characteristics that set them apart from followers. To put it another way, the trait theory of leadership assumes that…
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12 QUESTIONS ON DEPRECIATION AND DISPOSAL OF FIXED ASSETS

One thing that is common with most long-term assets is depreciation. Depreciation is the systematic allocation of the cost of a fixed asset over the number of periods it will use. Depreciation is req…
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