Explain the concept of Communication of Control in Management. In the context of management, “Communications of Control” typically refers to the communication processes and systems involved in controlling and managing an organization’s activities, resources, and operations. It involves the flow of information related to decision-making, coordination, and monitoring to ensure that organizational goals and objectives …
CALCUTTA UNIVERSITY BBA STUDY MATERIAL Define the term Business Policy & Strategy. Business Policy and Strategy are two closely related concepts in the field of business management. Business Policy: Business policy refers to the guidelines, principles, and procedures that a company establishes to define its overall direction and decision-making processes. These policies are often developed …
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Distributive Justice Distributive justice is a concept within moral and political philosophy that concerns the fair distribution of resources, benefits, and burdens in a society. It addresses the question of how goods and opportunities should be distributed among individuals or groups, taking into account principles of fairness, equality, and social cooperation. There are various theories …
Banking Banking refers to the set of financial activities and services conducted by banks and financial institutions to facilitate the flow of money, manage financial resources, and provide various financial products and services to individuals, businesses, and governments. Banks are crucial intermediaries in the financial system, playing a central role in the economy by channeling …
GDP or GNP, Which one is a better approach? Determining whether Gross Domestic Product (GDP) or Gross National Product (GNP) is a “better” concept depends on the specific analytical and policy goals. Each measure provides different insights into a country’s economic performance, and the choice of which to use may depend on the context and …
Quick Revision Notes for Examinations What are Values? Values are principles or standards that individuals or societies consider important, desirable, and worth adhering to. These principles guide behavior, influence decision-making, and shape the overall outlook on life. Values play a fundamental role in shaping an individual’s character, priorities, and ethical beliefs. They can also influence …
Quick Revision notes for B.Com | BBA| BBM | BMS | BHM | MBA | MHA | MMS | CA| CS | CMA | ICWA & Others Aggregate Demand and Aggregate Supply Aggregate demand and aggregate supply are key concepts in macroeconomics that help explain the overall performance of an economy. These concepts are used …
Quick Revision Notes for Commerce & Management Students Discuss and explain the concepts and Assumptions of Linear Programming. Mention & explain a few application areas of Linear programming. Linear Programming (LP): Linear Programming is a mathematical optimization technique used for finding the best outcome in a mathematical model with linear relationships. It involves maximizing …
Question & Answers for Exam Revisions Explain the concept of immunization of a Bond portfolio. Immunization of a bond portfolio is a risk management strategy designed to minimize the impact of interest rate movements on the portfolio’s value. The goal of immunization is to ensure that the portfolio’s overall value is protected against changes in …
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