ECONOMICS,COMMERCE AND MANAGEMENT PROVIDE VIDEOS AND SIMPLE NOTES FOR STUDENTS OF COMMERCE,ECONOMICS AND MANAGEMENT
Saturday, December 28, 2019
JOINT STOCK COMPANY: MEANING AND FEATURES
·
JOINT STOCK COMPANY
·
BUSINESS ORGANIZATION AND
MANAGEMENT
·
BUSINESS STUDIES PLUS ONE
·
INTRODUCTION
1. JOINT STOCK COMPANY WAS STARTED FIRST ITALY IN 13 TH CENTURY
2.
DURING 17 TH AND 18 TH
CENTURIES,JOINT STOCK COMPANIES WERE FORMED IN ENGLAND UNDER THE ROYAL CHARTER
OR ACTS OF PARLIAMENT
3.
THE SPECULATIVE BUSINESS
OF THE COMPANIES LED TO THE PASSAGE OF BUBBLES ACT OF 1720 WHEREBY PROMOTION OF
COMPANIES WAS DECLARED ILLEGAL BY ENGLAND ‘S PARLIAMENT
4.
IN 1844 THE JOINT STOCK
COMPANY ACT WAS PASSED IN 1844 AND LIMITED LIABILITY WAS GRANTED ONLY IN 1855
Thursday, December 26, 2019
Wednesday, December 25, 2019
Tuesday, December 24, 2019
PUBLIC RELATIONS : MEANING,TOOLS,COMPONENTS AND FUNCTIONS
ADVERTISING AND SALES MANAGEMENT
·
DR SHASHI AGGARWAL
·
MEANING OF PUBLIC RELATION
1.
THE TERM PUBLIC RELATIONS
IS AN EXPRESSION OF PUBLIC OPINION
2.
ART AND SCIENCE OF
DEVELOPING RECIPROCAL UNDERSTANDING AND GOODWILL
3.
IT IS THAT OPERATING
PHILOSOPHY BY WHICH MANAGEMENT SETS UP POLICIES DESIGNED T SERVE BOTH IN THE
COMPANY AND PUBLIC’S INTEREST
4.
BASIS OF COMMUNICATION
TECHNIQUES WHICH MGMT EMPLOYEES TO ACHIEVE GOOD RELATIONS WITH THE PUBLIC AND
THESE TECHNIQUES INCLUDE PUBLICITY,PROMOTION,EXPLOITATION AND ADVERTISING
·
IN BROADER TERMS,” PUBLIC
RELATIONS IS TO ESTABLISH AND MAINTAIN A MUTUAL UNDERSTANDING BETWEEN AN
ORGANIZATION AND ITS PUBLIC TO COMMUNICATE A COMPANY’S VIEWS,OBJECTIVES AND
PURPOSE WHILE AT THE SAME TIME MONITORING FEEDBACK AND CORRECTING THE PUBLIC
ATTITUDES AND REACTIONS
ADVERTISING AGENCIES : MEANING,ROLE AND FUNCTIONS
- ADVERTISING AGENCIES : MEANING,ROLE AND FUNCTIONS
- MEANING OF ADVERTISING AGENCY
- CORE OF ADVERTISING PROFESSION AND INDUSTRY
- IS AN INTERMEDIARY BETWEEN ADVERTISERS AND THE MEDIA OWNERS TO DESIGN AND PLAN THE AD EFFECTIVELY
Monday, December 23, 2019
DATA WAREHOUSING
- DATA WAREHOUSING
- DATA WAREHOUSE
- PROCESS FOR COLLECTING AND MANAGING DATA FROM
VARIED SOURCES TO PROVIDE MEANINGFUL BUSINESS INSIGHTS.
- A DATA WAREHOUSE IS TYPICALLY USED TO CONNECT AND ANALYZE BUSINESS DATA FROM HETEROGENEOUS SOURCES
Saturday, December 21, 2019
MEANING AND APPLICATION OF BUSINESS ANALYTICS
- BUSINESS ANALYTICS
MEANING
TYPES
APPLICATION
CHALLENGES - MEANING OF BUSINESS ANALYTICS
- REFERS TO ALL METHODS AND TECHNIQUES USED BY THE
ORGANIZATION TO MEASURE THE PERFORMANCE
- USE OF STATISTICAL METHODS
- CAN ALSO BE USED FOR EVALUATING THE ORGANIZATION
- IT IDENTIFIES THE WEAKNESSES IN EXISTING PROCESSES AND HELP IN HIGHLIGHTING THE MEANINGFUL DATA THAT IS HELPFUL IN MAKING THE ORGANIZATION FOR FUTURE AND FACING CHALLENGES
Friday, December 20, 2019
HIRE PURCHASE
- HIRE PURCHASE PART ONE
- BUSINESS LAW/FINANCIAL SERVICES AND MARKET
- DR. SHASHI AGGARWAL
- HIRE PURCHASE ACT 1972
- WHOLE OF INDIA EXCEPT THE STATE F JAMMU AND
KASHMIR
- THE BUYER ACQUIRES THE POSSESSION OF THE GOODS
IMMEDIATELY
- AGREES TO PAY THE TOTAL HIRE PURCHASE IN
INSTALMENTS
- EACH INSTALMENT IS TREATED AS HIRE CHARGE
- UN TILL THE PAYMENT OF THE LAST INSTALMENT WHEN OWNERSHIP OF THE GOODS PASSES THROUGH SELLER TO BUYER
RIGHTS AND DUTIES OF FINDER OF LOST GOODS
- RIGHTS AND DUTIES OF FINDER OF LOST GOODS
- BUSINESS LAW
- BY DR SHASHI AGGARWAL
- BAILMENT
- A PERSON WHO FINDS THE GOODS BELONGING TO SOME
OTHER PERSON AND TAKES THEM IN POSSESSION IS KNOWN AS FINDER OF GOODS
- ONCE A PERSON TAKES IN HIS POSSESSION THE GOODS FOUND HE BECOMES THE BAILEE OF
SOLE PROPRIETORSHIP
- SOLE PROPRIETORSHIP
- BUSINESS ORGANIZATION AND MGMT( BUSINESS STUDY)
- CS /CA FOUNDATION
- BY DR. SHASHI AGGARWAL
- MEANING
- A SOLE TRADER IS A PERSON WHO SET UP BUSINESS WITH
HIS OWN RESOURCES, MANAGES THE BUSINESS HIMSELF BY EMPLOYING PERSONS FOR
HIS HELP AND ALONE BEARS ALL THE
GAINS AND RISKS OF BUSINESS.
- MUST BE A PERSON TO ENTER INTO CONTRACT. THE BUSINESS TO BE CARRIED ON SHOULD BE ALLOWED BY LAW
Thursday, December 19, 2019
LIFE INSURANCE
- LIFE INSURANCE
INSURANCE - SHASHI AGGARWAL ECONOMICS AND LAWS CLASSES
- INTRODUCTION
- THE CONTRACT OF LIFE INSURANCE ARE GOVERNED BY THE
INSURANCE ACT 1938 AND LIFE INSURANCE CORPORATIONS ACT 1956
- WAS NATIONALIZED IN 1956
RIGHT OF LIEN VS RIGHT OF STOPPAGE IN TRANSIT
- DIFFERENCE BETWEEN RIGHT OF LIEN AND RIGHT OF
STOPPAGE
- SALE OF GOODS ACT 1930
- SHASHI AGGARWAL ECONOMICS AND LAW CLASSES
- RIGHT OF UNPAID SELLER AGAINST THE GOODS
- RIGHT OF LIEN (46(1)(a),47 to 49
- LIEN IS THE RIGHT TO RETAIN POSSESSION OF GOODS
UNTIL THE PAYMENT OF PRICE TO THE UNPAID SELLER OF THE GOODS WHO HAS
POSSESSION OF THEM :
- WHERE THE GOODS HAVE BEEN SOLD WITHOUT ANY
STIPULATION TO CREDIT
- BUT THE TERMS OF CREDIT HAS EXPIRED
- WHERE THE BUYER BECOMES INSOLVENT
SHORT QUESTIONS ON MICRO/BUSINESS ECONOMICS FOR 2019
SHORT QUESTIONS ON MICRO ECONOMICS/BUSINESS ECONOMICS
DR. SHASHI AGAGRWAL
MEANING OF DEMAND
IN ORDINARY LANGUAGE THE
TERM NEED,DESIRE,WANT AND DEMAND ARE USED IN THE SAME SENSE
BUT IN ECONOMICS ALL THESE
TERMS HAVE DIFFERENT MEANING
Wednesday, December 18, 2019
EFFECT OF PUBLIC FINANCE
•EFFECT OF
PUBLIC DEBT
PUBLIC FINANCE
DR SHASHI AGAGRWAL
PUBLIC FINANCE
DR SHASHI AGAGRWAL
• EFFECT OF PUBLIC DEBT
• PUBLIC BORROWING INVOLVES
TRANSFER OF PURCHASING POWER FROM INDIVIDUAL TO GOVERNMENT AND A SUBSEQUENT
RE TRANSFER OF THE SAME TO INDIVIDUALS FROM THE GOVERNMENT
• PUBLIC DEBT IN ONE
SENSE THE REVENUE EFFECT AND IN ANOTHER
HAS THE EXPENDITURE EFFECT
Tuesday, December 17, 2019
Monday, December 16, 2019
SHORT QUESTIONS ON LAW OF NEGOTIABLE INSTURMENTS ACT 1881 FOR 2019
- SHORT QUESTIONS
LAW OF NEGOTIABLE INSTRUMENT - SHASHI AGGARWAL ECONOMICS AND LAW CLASSES
- MEANING OF NEGOTIABLE INSTRUMENTS
- THE LAW RELATING TO NEGOTIABLE INSTRUMENT IN INDIA
IS CONTAINED IN THE NEGOTIABLE INSTRUMENT ACT 1881
- THE TERM NEGOTIABLE INSTRUMENT MEANS A DOCUMENT
TRANSFERABLE BY DELIVER,
- ACCORDING TO SECTION 13(1) OF THE NEGOTIABLE
INSTRUMENTS ACT
- A NEGOTIABLE INSTRUMENT MEANS A PROMISSORY
NOTE,BILL OF EXCHANGE OR CHEQUE PAYABLE EITHER TO ORDER OR TO THE BEARER
- WE CAN SAY A NEGOTIABLE INSTRUMENT IS ONE WHICH WHEN TRANSFERRED BY DELIVER OR ENDORSEMENT AND DELIVERY PASSES TO THE TRANSFEREE A GOOD TITLE TO PAYMENT IRRESPECTIVE OF THE TITLE OF TRANSFEROR PROVIDED THE TRANSFEREE IS A BONA FIDE HOLDER FOR THE VALUE WITHOUT NOTICE OF ANY DEFECT IN THE TITLE OF THE TRANSFEROR
ORGANIZATION DEVELOPMENT
• ORGANIZATION
DEVELOPMENT : MEANING,FEATURES AND PROCESS OF ORGANIZATION DEVELOPMENT
• BY DR,
SHASHI AGGARWAL
• INTRODUCTION OF
ORGANIZATIONAL DEVELOPMENT
1.
IS AN IMPORTANT TECHNIQUE OF MANAGING CHANGE. IT SEEKS
TO CHANGE BELIEFS,ATTITUDES AND STRUCTURES SO THAT THE ORGANIZATION MAY ADAPT
TO TECHNOLOGY AND LIVE WITH PACE OF CHANGE
2.
ORGANIZATION DEVELOPMENT HAS EMERGED TO HELP THE PLANNED CHANGE FOR ORGANIZATION
EFFECTIVENESS
3.
OD IS MODERN APPROACH TO MANAGE ORGANIZATION CHANGE AND
HUMAN RESOURCE DEVELOPMENT
4.
CONCENTRATES ON PEOPLE DIMENSIONS LIKE
NORMS,VALUES,ATTITUDE ,RELATIONSHIP AND ORGANIZATION CLIMATE
MCGREGOR’S THEORY X AND THEORY Y
- MCGREGOR’S THEORY X AND THEORY Y
THEORIES OF MOTIVATION
·
ORGANIZATION BEHAVIOUR/MPOB
- MCGREGOR’S THEORY X AND THEORY Y
1.
THEORY X AND THEORY Y
BASED ON TWO DISTINCT VIEWS OF HUMAN BEINGS
2.
THEORY X DEALS WITH ONE
EXTREME BASED ON ONE SET OF ASSUMPTIONS
AND BASED ON TRADITIONAL APPROACH TPOBEHAVIOUR
3.
THEORY Y DEALS WITH
ANOTHER EXTREME BASED ON ANOTHER ASSUMPTION
4.
NOT BASED ON ANY RESEARCH
5.
INTUITIVE DEDUCTIONS
SENSTIVITY ANALYSIS
SENSITIVITY ANALYSIS
• MEANING
1.
USED TO DETERMINE HOW INDEPENDENT VARIABLES VALUE WILL
IMPACT A PARTICULAR DEPENDENT VARIABLES UNDER A GIVEN SET OF ASSUMPTIONS
2.
ALSO KNOWN AS WHAT IF ANALYSIS
3.
CAN BE USED FOR ANY ACTIVITY OR SYSTEM
4.
WORKS ON THE SIMPLE PRINCIPLE CHANGE THE MODEL AND OBSERVE
THE BEHAVIOUR
5.
IS A TECHNIQUE FOR INVESTIGATING THE IMPACT OF PROJECT
VARIABLES ON THE BASE CASE ( MOST PROBABLE OUTCOME SCENARIO)
Sunday, December 15, 2019
RURAL MARKETING STRATEGIES
• RURAL
MARKETING STRATEGIES : BRIEF NOTES
• BY DR
SHASHI AGAGRWAL
• INTRODUCTION
AND MEANING OF RURAL MARKETING
1.
RURAL INDIA IS TODAY CONSIDERED TO BE AN UNTAPPED MARKET
FOR MOST FMCG AND ALSO FOR CONSUMER DURABLE GOODS, MARKETERS INCLUDING
MULTINATIONALS HAVE RECOGNIZED THIS POTENTIAL AND HAVE STARTED ENTERING INTO
RURAL MARKETS IN A SIGNIFICANT MANNER. NEAR SATURATION IN URBAN AREA HAS ALSO
PROMPTED MARKETERS TO LOOK AT RURAL MARKETS.
2.
RURAL MARKETING IS A TWO WAY PROCESS MARKETING PROCESS.
THERE IS INFLOW OF PRODUCTS INTO RURAL MARKETS FOR PRODUCTION OR CONSUMPTION
AND THERE IS ALSO OUTFLOW OF PRODUCTS TO URBAN AREA.
3.
THE RURAL POPULATION AMOUNT FOR AROUND 627 MILLION
WHICH IS 74.3 PERCENT OF THE POPULATION LIVING IN THE RURAL INDIA
4.
THE RURAL MARKET IN INDIAN ECONOMY GENERATE
APPROXIMATELY MORE THAN 50% OF THE COUNTRY’S INCOME
Saturday, December 14, 2019
COST AUDIT AND COST AUDIT RULES PART 2
• COST AUDIT AND COST AUDIT RULES PART 2
CONTEMPORARY AUDITING
CONTEMPORARY AUDITING
• DR SHASHI AGAGRWAL
1.
EVERY COMPANY UNDER THESE
RULES INCLUDING ALL UNITS AND BRANCHES THEREOF SHALL IN RESPECT OF EACH ITS
FINANCIAL YEAR STARTING ON OR AFTER THE IST DAY OF APRIL,2014 MAINTAIN COST
RECORD IN FORM CRA-1
2.
HAS TO BE MAINTAINED ON REGULAR BASIS SO THAT TO
FACILITATE CALCULATION OF PER UNIT OF COST OF PRODUCTION OR COST OF
OPERATIONS,COST OF SALES AND MARGIN FOR EACH OF ITS PRODUCTS AND ACTIVITIES FOR
EVERY FINANCIAL YEAR ON MONTHLY OR QUARTERLY OR HALF YEARLY OR ANNUAL BASIS.
3.
SHALL BE MAINTAINED IN SUCH MANNER SO AS TO ENABLE THE
COMPANY TO EXERCISE AS FAR AS POSSIBLE CONTROL OVER THE VARIOUS OPERATIONS AND
COSTS TO ACHIEVE OPTIMUM UTILIZATION OF RESOURCES AND THESE RECORD SHALL
PROVIDE NECESSARY DATA WHICH IS REQUIRED TO BE FURNISHED UNDER THESE RULES
ATTITUDE PART 1
•
ATTITUDE
• ORGANIZATION BEHAVIOR
•
MEANING
1.
ATTITUDE ARE EVALUATIVE
STATEMENTS. EITHER FAVOURABLE OR UNFAVOURABLE.THESE ARE FREQUENTLY USED IN
DESCRIBING PEOPLE,OBJECTS AND EVENTS AND EXPLAINING PEOPLE’S BEHAVIOUR.
2.
LIKE SOMEBODY SAYS HER
BOSS IS INHUMAN,
3.
GENERAL MANAGER OF XYZ LTD
ORGANIZATION SHOWS CONCERN ABOUT THE EMPLOYEES. THESE STATEMENTS ARE EVALUATIVE
OF EITHER FAVOURABLE OR UNFAVOURABLE OR GOOD OR BAD OF PEOPLE,OBJECT OR EVENT.
Friday, December 13, 2019
PRODUCER’S EQUILIBRIUM WITH THE HELP OF ISO QUANT CURVES
• PRODUCER’S EQUILIBRIUM
WITH THE HELP OF ISO QUANT CURVES
WITH THE HELP OF ISO QUANT CURVES
• DR SHASHI AGGARWAL
• ISO COST LINE
• INDICATES THE DIFFERENT
COMBINATIONS OF TWO FACTORS WHICH THE PRODUCER CAN PRODUCE AT A GIVEN FACTOR
PRICE WITH A GIVEN OUTLAY
• LOCUS OF ALL THE
COMBINATIONS OF TWO ( OR MORE INPUTS WHICH THE PRODUCERS CAN BUY USING HIS
FIXED OUTLAY AT FIXED INPUT PRICES.
• ISO COST LINE IS ALSO
KNOWN AS FACTOR PRICE LINE OR OUTLAY LINE OR FIRM’S BUDGET CONTROL LINE
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