Advantages and disadvantages of Incorporation of a Company Industries and business increase constantly in a developing and progressing country and for this capital is required. This capital is received from government and non government...
Incorporation of a Company & Matters Incidental Thereto Various legal formalities are to be fulfilled for organising a company and it has to cross so many stages. These stages can be divided as under-...
Kinds of Companies Note- Chartered Company and Statutory Company are always public companies. The classification of companies is done from the study facility point of view. This classification is appendedbelow: ● On the basis...
Definition of Consideration Economics In ordinary language, the term ‘consideration’ means anything given in exchange (specially the money) for procuring some other thing. Hence, it is so believed that the measurement of consideration is...
Ethics, Fair Treatment, and Justice Managing human resources often requires making decisions in which fairness plays a role. You hire one candidate and reject another, promote one and demote another, pay one more and...
Human Resource Management-RelatedEthics Activities Selection- One writer says, “The simplest way totune up an organization, ethically speaking, is to hire more ethical people.” This can start before the applicant even applies, by creating recruitment...
Strategic Compensation Management The strategic use of rewards to regulate behaviour and performance has led to the concept of compensation management’ or ‘reward systems’- terms, which belong in the HRM, rather than the Industrial...
What is value? In dealing with the technique of Value Analysis, it is important to understand the meaning of the term ‘value’ as used in this context. Value must not be confused with cost...
Materials Handling Many types of materials, viz., raw materials, purchased components, materials-in-process (i.e. semi-finished goods), finished goods, packaging materials, maintenance and repair supplies, scrap and waste and rejects or rework are used and handled...
Transportation of materials from sources located in different parts of the country to the user’s plant is of critical importance in the field of materials management. It can be safely said that the cost...