Selection is a procedure where the most suitable candidate is chosen for a particular job, from amongst the available list of applicants that have applied for the job. It is a process determining the experience, skill, qualification and knowledge of an applicant with the intention of ascertaining his/her suitability for the job. Selection takes place [...]
Accounting is called the language of business, in which different jargons are used for each concept. Depreciation is one of them and it is the most important concept used in accounting, finance and economics. Depreciation is the process, in which the value of fixed assets except Land diminishes over the period of time due to [...]
Organization structure is that form organization which is obvious in terms of departments, functions, divisions and also the way people interact and are linked together. Organization structure shows the horizontal links between the top managers and the lower level employees and the vertical operational responsibilities which is usually represented by the organization chart almost like [...]
People often take the meaning of diversity in terms of race, gender, ethnicity etc, but the truth is that diversity has a much broader scope than that. Diversity is mainly related to the different kinds of human qualities that are present in each of us but vary on different terms. The various dimensions of diversity [...]
The current ratio is very poplar liquidity ratio; it is used to determine the short term liquidity of the company means that enough current assets (Cash, prepaid Insurance, Cash equivalents, Account receivable and Inventory etc) are available with company to meet it short term liabilities obligations.
In other words current ratio determines the company ability to [...]
Traditional marketing mix consist of 4P’s (Product, Price, Place, Promotion) now it’s extended to 7P’s the additional 3P’s are useful for services industry which will help the company to provide good services to their consumers. Only the additional 3P’s will be discussed which is related to services industry
Following are the additional 3P’s
1. People
2. Process
3. Physical [...]
Performance management encompasses two different categories of management. In one category the performance of the company is analyzed as whole, on the other hand the employee’s performance is analyzed, or in more explanatory terms an analyst views the complete performance of a company along with evaluating the efficiency of managers as well as the heads [...]
Correlation is a measure of relationship between two variables. The two variables must be numeric or scale. So basically correlation is applied on the quantitative variables.
Correlation Coefficient
Correlation Coefficient gives the mathematical value for measuring the strength of the linear relationship between two variables. It ranges from -1 to +1.
• +1 representing absolute positive linear relationship [...]
Assumptions
• The dependent variable should be interval or ratio.
• The population in which samples are drawn should be normally distributed.
• Sample cases should be independent of each other.
• Variance between the groups should be approximately equal.
One-Way ANOVA (It uses F-Statistic)
One way ANOVA is a statistical technique that is used to compare the means of more [...]
Objective plays an important role in business because it shows the path that what to achieve if company don’t have any objective and keep on workings will never be satisfy of their work because employees will really don’t know that what they want to achieve? What is their aim? What is the reason of the [...]