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DEMAND AND SUPPLY – ECONOMIC AND BUSINESS ENVIRONMENT - CSEET (Paper-3) This topic Demand & Supply of Paper 3 – Economic and Business Environment of Cs Executive Entrance Test is just going to a refresher of the Economics that most of the students might have gone through in their higher secondary education.  Demand – Desire backed up by the purchasing power of the consumer. It has two elements i.e. consumers desire to purchase goods or services and willingness to pay for it. A mere desire without purchasing power or ability to pay without desire to purchase cannot be termed as purchase. Supply – Meaning of supply is relatively simple, it refers to the total amount of a specific goods or services that is available to consumers at a specific price or range of prices. Since, it is going to be an objective paper so let you learn the topic in a similar way via this video so that basic concepts gets registered into bulletins and illustrations helps to have a better understanding ans ...

Human Resource Planning and Optimization - Operations Management & Strategic Management Paper 9 CMA Inter Online Classes Human resource planning (HRP) is the ongoing systemic planning mechanism to achieve the best utilization of the most important asset-quality workers of a company. Planning human resources ensures an optimal match of workers with positions while preventing shortages or surpluses of manpower. Management of operations is the management of that portion of an entity that is responsible for producing services and/or products. All around you, there are examples of these products and services. Every book you read, every video you watch, every email you send, every telephone call you to make, and every medical care you receive contains one or more organizations' and also organizational functions. To buy - CMA Inter Paper 9 Online Classes To know more about CMA Inter Online Classes For further assistance please call - 8800999280/83/84 Takshila Learning assis...

Labour Audit: Industrial and Labour Law CS Executive Labour Audit The labor and employment law audit is an important method for managing compliance with labor, employment, and industrial laws. The audit helps to identify non-compliance with labor and employment laws applicable to a company and to take corrective steps to prevent authorities from taking unjustified legal action against the company and its management. While the Labour Law Audit is not necessary, the operation of this audit is strongly recommended. The audit helps to identify non-compliance with labor and employment laws applicable to a company and to take corrective steps to prevent authorities from taking unjustified legal action against the company and its management. Scope of the Audit of Labour   The auditor of labor law shall cover all labor laws applicable to an industry/business or any other commercial institution in which the audit is carried out by the auditor of labor law. Where a specific piece of labor la...

Concept of Communication- Business Communication for CSEET When one communicates to transact some commercial activity, that is, providing goods or services, with the intention of generating profits, it is termed as Business Communication. The process of communication basically flows from the sender to receiver with intent to expect the receiver to understand the message that has been communicated, be it a fact, opinion, or Paper 1 - Business Communication - CSEET Communication is a strength in life. It is an integral feature of every living being. Being able to act and respond is the main characteristic of a human being. Where an expression or thought arises from one, the purpose of the communication gets in. For example, if a person is hungry and wants to eat to relieve their hunger, we should look at two things. Second, the hunger felt by the human is the feeling that affects him. But secondly, the section where the contact starts is his response to communicate it by asking for food ...

Labor turnover is defined as the proportion of the workforce of the company leaving over the course of the year or the ratio of the number of persons leaving over the period to the average number of employees.   Labor turnover is all about retention of employees – i.e. the ability of a company to convince its employees to remain in business.   Causes of Labor Turnover     The causes of the turnover of labor could be classified into three types. They're:   Personal causes –  those that induce or force workers to leave their jobs. Retreat due to old age. The accident makes workers permanently unable to work. Women workers may leave after marriage to perform household duties/family duties I don't like the job or the place. Workers are finding better jobs in other places. Changing the job for improvement.   Inevitable causes –  those on which management is obliged to ask some or more of their employees to leave the organization; Seasonal nature of th...

CS Executive Meaning of Service Costing: Scope/Service and Application Online CS Executive Class:  service costing is a type of operation costing that is used in organizations that provide services instead of producing goods. The cost of services is the cost of providing and operating services in a particular sector. In short, services are generally considered to be inducting rather than producing goods. It is the costing method that provides information on how to calculate the operating cost. Service scope   The costing services are directly concerned with the classification and accumulation of the cost of the service to the services rendered by undertakings. Service Cost Features:   Operating costing is a method of costing. There is no physical stock of an article when an undertaking renders a service. An undertaking adopting a costing service shall not produce any tangible goods. These undertakings provide their customers with unique services. Costs are usually period-...

Key Differences Between Absorption Costing and Marginal Costing Corporate and Management Accounting - CS Executive The following are the major differences between  Absorption Costing and Marginal Costing . The costing method in which variable cost is apportioned exclusively, to the products is known as Marginal Costing . Absorption Costing is a costing system in which all the costs are absorbed and apportioned to products. In Marginal Costing, Product related costs will include only variable cost while in the case of Absorption costing , fixed cost is also included in product-related cost apart from variable cost. Marginal Costing divides overheads into two broad categories, i.e. Fixed Overhead and Variable Overhead. Look at the other term Absorption costing, which classifies overheads in the following three categories Production, Administration, and Selling & Distribution. In marginal costing profit can be ascertained through the help of Profit Volume Ratio [(Contribution /...