This presentation highlights the various economic and non - economic activities carried out classified further into Business, Profession, and Employment.
The document discusses the key differences between the terms 'market' and 'marketing'. It states that a market refers broadly to any place or means through which the sale of goods and services is facilitated, not limited to a physical location. Marketing is defined as the process of planning, pricing, promoting, and distributing products to create exchanges that satisfy goals. The document also outlines the main functions of marketing, including analyzing opportunities, selecting target markets, developing the marketing mix, and managing the market effort.
This document discusses the nature and purpose of business. It defines business and differentiates it from professions and employment. Business activities are classified into primary, secondary and tertiary industries. The objectives of business are outlined, with profit earning being the main objective. Risk is an inherent part of business due to uncertainties. Various factors that influence the degree of business risk are also discussed.
This document discusses different types of business activities. It begins by defining business activity as any economic activity carried out for the purpose of earning profits, such as production, operations, marketing, and administration. It then categorizes business activities based on their functions into industry, commerce, and trade. Industry includes activities like extraction, manufacturing, and construction. Commerce includes domestic and foreign trade as well as wholesale and retail trade. Trade aids like transportation, banking, warehousing, and insurance are also discussed.
The document discusses business and industry. It defines business as an activity involving production and exchange of goods and services to earn profit. It also defines industry as the production aspect of business that uses natural resources and human labor to create useful goods. The key characteristics of business discussed are that it is an economic activity, involves buying and selling, is a continuous process, aims to earn profit while accepting risk, focuses on customer satisfaction, and is creative, dynamic, and subject to government controls. It also outlines different types of industries like primary, extractive, manufacturing, construction and more.
The document defines key terms related to cost accounting including:
- Cost, revenue, and profit. Revenue is sales, costs include expenses to generate sales, and profit is revenue minus costs.
- Fixed and variable costs. Fixed costs remain the same regardless of production levels, while variable costs change with production levels.
- The three main financial statements are the income statement, balance sheet, and cash flow statement. The income statement shows profits, the balance sheet assets/liabilities over time, and the cash flow statement tracks cash inflows/outflows.
- Manufacturing costs include direct materials, direct labor, and manufacturing overhead. Non-manufacturing costs are marketing/selling and administrative.
A business transforms inputs into outputs through various functions like production, marketing, finance, etc. to generate sales revenue and profit. The key functions include production of goods/services, marketing and sales, finance, human resources, purchasing, and legal. A business can be classified by the product or service, size as tiny, small, medium or large, and by ownership as sole proprietorship, partnership or limited liability company.
This document provides an overview of a vocational business computing course. The course aims to introduce students to different types of businesses and how they function. It will cover writing CVs and letters of application, using computers for business communication, designing accounting spreadsheets, and running a small business as a group project. The document defines different types of businesses including manufacturers, service businesses, retailers and distributors. It provides examples of each type and key terms. Students will create case studies on assigned businesses as a course project.
This document defines business and outlines its key characteristics. It states that business is an economic activity undertaken to provide goods and services for profit. The document then discusses different types of economic activities like business, profession, and employment. It provides examples and definitions. Finally, the document lists 14 characteristics of business, including that it involves an entrepreneur, deals in goods/services, entails risk and aim for profit, production and sales, and more. The overall purpose is to comprehensively define the meaning and nature of business.
The document discusses the key differences between the terms 'market' and 'marketing'. It states that a market refers broadly to any place or means through which the sale of goods and services is facilitated, not limited to a physical location. Marketing is defined as the process of planning, pricing, promoting, and distributing products to create exchanges that satisfy goals. The document also outlines the main functions of marketing, including analyzing opportunities, selecting target markets, developing the marketing mix, and managing the market effort.
This document discusses the nature and purpose of business. It defines business and differentiates it from professions and employment. Business activities are classified into primary, secondary and tertiary industries. The objectives of business are outlined, with profit earning being the main objective. Risk is an inherent part of business due to uncertainties. Various factors that influence the degree of business risk are also discussed.
This document discusses different types of business activities. It begins by defining business activity as any economic activity carried out for the purpose of earning profits, such as production, operations, marketing, and administration. It then categorizes business activities based on their functions into industry, commerce, and trade. Industry includes activities like extraction, manufacturing, and construction. Commerce includes domestic and foreign trade as well as wholesale and retail trade. Trade aids like transportation, banking, warehousing, and insurance are also discussed.
The document discusses business and industry. It defines business as an activity involving production and exchange of goods and services to earn profit. It also defines industry as the production aspect of business that uses natural resources and human labor to create useful goods. The key characteristics of business discussed are that it is an economic activity, involves buying and selling, is a continuous process, aims to earn profit while accepting risk, focuses on customer satisfaction, and is creative, dynamic, and subject to government controls. It also outlines different types of industries like primary, extractive, manufacturing, construction and more.
The document defines key terms related to cost accounting including:
- Cost, revenue, and profit. Revenue is sales, costs include expenses to generate sales, and profit is revenue minus costs.
- Fixed and variable costs. Fixed costs remain the same regardless of production levels, while variable costs change with production levels.
- The three main financial statements are the income statement, balance sheet, and cash flow statement. The income statement shows profits, the balance sheet assets/liabilities over time, and the cash flow statement tracks cash inflows/outflows.
- Manufacturing costs include direct materials, direct labor, and manufacturing overhead. Non-manufacturing costs are marketing/selling and administrative.
A business transforms inputs into outputs through various functions like production, marketing, finance, etc. to generate sales revenue and profit. The key functions include production of goods/services, marketing and sales, finance, human resources, purchasing, and legal. A business can be classified by the product or service, size as tiny, small, medium or large, and by ownership as sole proprietorship, partnership or limited liability company.
This document provides an overview of a vocational business computing course. The course aims to introduce students to different types of businesses and how they function. It will cover writing CVs and letters of application, using computers for business communication, designing accounting spreadsheets, and running a small business as a group project. The document defines different types of businesses including manufacturers, service businesses, retailers and distributors. It provides examples of each type and key terms. Students will create case studies on assigned businesses as a course project.
This document defines business and outlines its key characteristics. It states that business is an economic activity undertaken to provide goods and services for profit. The document then discusses different types of economic activities like business, profession, and employment. It provides examples and definitions. Finally, the document lists 14 characteristics of business, including that it involves an entrepreneur, deals in goods/services, entails risk and aim for profit, production and sales, and more. The overall purpose is to comprehensively define the meaning and nature of business.
The document provides an overview of the components, scope, and branches of business. It discusses that business can be divided into industry and commerce. Industry involves the production of goods and services and includes primary and secondary industry. Commerce involves the transfer of goods and includes trade and aids to trade. It then describes the various types of primary and secondary industry, trade, and aids to trade such as banking, transportation, insurance, agents, and advertising.
This document discusses the nature, scope, and objectives of business. It defines business and outlines the business system/process, which includes entrepreneurial activity, production, and marketing. It also categorizes businesses into those that produce goods, services, distribute goods, facilitate distribution, and deal in finance. Industries are classified based on their nature of activity and competitive structure, including monopoly, oligopoly, monopolistic competition, and perfect competition.
1. Business involves the production, distribution, and sale of goods and services with the goal of earning a profit. It can take various forms like sole proprietorships, partnerships, corporations, cooperatives, and public enterprises.
2. Business activities are commonly divided into industries, commerce, and services. Industries involve manufacturing goods, commerce focuses on distribution, and services provide intangible assistance.
3. Industries are further divided into extractive, genetic, manufacturing, and construction. Manufacturing converts raw materials into finished goods through analytical, synthetic, processing, or assembly line methods.
This document provides definitions and explanations of key commerce concepts. It defines business as the production and selling of goods and services to create wealth. Commerce is defined as activities that facilitate trade and the free flow of goods and services from producers to consumers. The document also outlines the components of commerce like trade and aids to trade. It describes different types of industries like genetic, extractive, manufacturing, construction and service industries.
Business – Meaning, Nature, Scope
Objectives of Business
Essentials of a successful business
Business Environment
Internal Factors
External Factors
Emerging opportunities in business
E-Commerce
Introduction to Business Organization
Forms of Business Organization
National Business
International Business
Introduction to Business Organisation Business:
Meaning, Nature, Scope and
Social responsibility of Business,
Objectives,
Essentials of successful business,
Functional areas of business.
Concept of Business Organization.
This PowerPoint presentation provides an overview of business studies. It defines business as an economic activity that involves the purchase, production, and sale of goods and services with the goal of earning profits. The key characteristics of business are that it is an economic activity, involves goods and services, includes the sale and exchange of goods and services, is dealt with on a regular basis, has a profit earning motive, and involves risk and uncertainty. The presentation also distinguishes between different types of industries (primary, secondary, tertiary), trade (wholesale, retail, import, export), and auxiliaries that support trade such as transportation, warehousing, insurance, advertising, packaging, and banking/finance.
Business organisation bba semester 1 DCRUST Vardha Mago
The document discusses the nature and scope of business. It defines business as an economic activity involving production and distribution of goods and services for profit. The key aspects covered are:
1. Business involves buying and selling goods, provides employment, and leads to economic development.
2. It aims to earn profits through satisfying customer needs. Risk and uncertainties are inherent in business.
3. Government regulates business activities through laws and policies.
4. The document also discusses the scope of business including different types of industries like extractive, manufacturing etc. and various aspects of commerce like trade, transportation etc.
5. Finally, it provides an overview of business systems which establish procedures and controls to efficiently coordinate business
Business involves the production and sale of goods and services with the goal of earning a profit. It plays a major role in daily life by satisfying human needs. Economic activities undertaken regularly to earn money are considered business activities. Business enterprises produce, purchase, or exchange goods and services between producers and consumers. The main objectives of business are to earn profits through regular economic activities but it must also consider social responsibilities to sustain itself in the long run.
Business refers to commercial activities that provide goods and services with the goal of earning a profit. It involves the combination of human, capital, and natural resources along with technology. Key characteristics of business include an entrepreneur dealing in goods/services, earning profit, and taking on elements of risk to create utility. Objectives of business are economic like profit and market creation, social like employment and quality products, and human like rewarding and satisfying employees. Business consists of industry, which produces goods, and commerce, which involves buying and selling, including trade and trade aids like transportation. Risk is an inherent part of business due to factors outside one's control such as natural events, competition, policy changes, and demand fluctuations.
This document discusses the nature and purpose of business. It defines business as economic activities involving the purchase, production and/or sale of goods and services with the motive of earning profit by satisfying human needs. The key characteristics of business are that it is an economic activity, involves production or procurement of goods and services, involves the sale or exchange of goods and services on a regular basis, and aims to earn a profit. The document also differentiates between business, profession and employment. It then discusses the objectives, risks and classification of business activities.
Meaning of business, Classification of Business, Industry, types of industry, commerce, trade, aids to trade, forms of business, sole proprietary concerns, cooperative society, meaning, characteristics, advantages and disadvantages, partnership firms, meaning, characteristics, advantages and disadvantages, types of partners, LLP.
This document defines key concepts related to business and industry. It explains that business involves the purchase, production and sale of goods and services with the aim of earning profits. Economic activities are those performed to earn a livelihood through the production of goods and services, while non-economic activities are performed for psychological satisfaction. Industries are divided into primary, secondary and tertiary. Primary industries involve extraction and agriculture. Secondary industries process primary goods and manufacture finished products. Tertiary industries provide services to other industries and facilitate trade. Commerce aims to facilitate the exchange of goods and involves both trade and auxiliary activities that support trade.
The document discusses different types of occupations and economic activities. It classifies occupations into business, profession, and employment. It also discusses the distinctions between these categories based on factors like nature of work, investment required, risk involved, and code of conduct. The document further explains different types of industries like primary industries involved in extracting and producing natural resources, and secondary industries including manufacturing and construction. It also discusses the role of commerce in facilitating trade through activities like transportation, banking, insurance, and warehousing.
CHAPTER 2 INDUSTRY AND COMMERCE - NIOS X BUSINESS STUDIES
Classification of Business activities – Industry and Commerce
• Industry and its types
• Commerce – Trade and its Auxiliaries
• E-commerce-Meaning and Advantages
The document classifies business sectors as primary, secondary, or tertiary based on their main activity. The primary sector involves extraction of raw materials through activities like agriculture, fishing, and mining. The secondary sector creates goods from raw materials through production, construction, and manufacturing. The tertiary sector provides services and includes distribution, sales, financial services, and more. An example given is that WH Smith operates in the tertiary sector through retail sales of books and stationery.
This document defines key terms related to business and finance. It discusses the nature and aims of business, including definitions of business, kinds of business (commerce, service, industry), and classifications of business. It also covers the nature and aims of business firms, reasons for entering business, and factors affecting business choice. Finally, it defines finance and its goals, and the major functions of business finance.
Business environment consists of all factors that have a bearing on a business and affect its operations. It includes internal factors within a business's control as well as external factors outside its control. The external environment can be categorized as micro environment and macro environment. The micro environment includes factors close to the business like suppliers, customers, and competitors. The macro environment includes broad factors like economic, social, political, legal, demographic, and technological factors that create opportunities and threats for businesses. Understanding these factors of the business environment is important for businesses to adapt and make decisions.
The document provides an introduction to business concepts including definitions of business, characteristics of business, nature of business, components and scope of business, factors of production, economic systems, environmental forces, SWOT analysis, and qualities of a good businessman. It defines business as human activities directed toward providing or acquiring wealth through buying and selling of goods. It outlines 12 key characteristics of business including capital, creation of utility, and risk. It also discusses the components of business as industry and commerce.
Presentation on factors affecting working capital decisionsKomal Mahajan
This presentation discusses factors that affect working capital decisions. It defines working capital as current assets minus current liabilities. It then lists and describes several factors that influence how much working capital is required, including the nature, size, earnings, dividend policy, credit policy, production policy, length of the working capital cycle, business cycles, price level changes, rate of growth, and rate of stock turnover of a business. The presentation was given by Ms. Komal Mahajan of the commerce department to provide an overview of working capital and the considerations that impact working capital needs.
Presentation on types of capital budgeting decisionsKomal Mahajan
This presentation discusses the different kinds of capital budgeting decisions. Capital budgeting decisions refer to long-term investment decisions regarding capital expenditures on projects. The presentation categorizes capital budgeting decisions into three categories: 1) Based on purpose - such as expansion, replacement, diversification, modernization, research & development, and environmental projects. 2) Based on effect on profitability - such as projects increasing revenue or reducing costs. 3) Based on the decision situation - such as mutually exclusive, independent, dependent projects or situations with capital rationing. Each category is explained with one or two sentence examples.
The document provides an overview of the components, scope, and branches of business. It discusses that business can be divided into industry and commerce. Industry involves the production of goods and services and includes primary and secondary industry. Commerce involves the transfer of goods and includes trade and aids to trade. It then describes the various types of primary and secondary industry, trade, and aids to trade such as banking, transportation, insurance, agents, and advertising.
This document discusses the nature, scope, and objectives of business. It defines business and outlines the business system/process, which includes entrepreneurial activity, production, and marketing. It also categorizes businesses into those that produce goods, services, distribute goods, facilitate distribution, and deal in finance. Industries are classified based on their nature of activity and competitive structure, including monopoly, oligopoly, monopolistic competition, and perfect competition.
1. Business involves the production, distribution, and sale of goods and services with the goal of earning a profit. It can take various forms like sole proprietorships, partnerships, corporations, cooperatives, and public enterprises.
2. Business activities are commonly divided into industries, commerce, and services. Industries involve manufacturing goods, commerce focuses on distribution, and services provide intangible assistance.
3. Industries are further divided into extractive, genetic, manufacturing, and construction. Manufacturing converts raw materials into finished goods through analytical, synthetic, processing, or assembly line methods.
This document provides definitions and explanations of key commerce concepts. It defines business as the production and selling of goods and services to create wealth. Commerce is defined as activities that facilitate trade and the free flow of goods and services from producers to consumers. The document also outlines the components of commerce like trade and aids to trade. It describes different types of industries like genetic, extractive, manufacturing, construction and service industries.
Business – Meaning, Nature, Scope
Objectives of Business
Essentials of a successful business
Business Environment
Internal Factors
External Factors
Emerging opportunities in business
E-Commerce
Introduction to Business Organization
Forms of Business Organization
National Business
International Business
Introduction to Business Organisation Business:
Meaning, Nature, Scope and
Social responsibility of Business,
Objectives,
Essentials of successful business,
Functional areas of business.
Concept of Business Organization.
This PowerPoint presentation provides an overview of business studies. It defines business as an economic activity that involves the purchase, production, and sale of goods and services with the goal of earning profits. The key characteristics of business are that it is an economic activity, involves goods and services, includes the sale and exchange of goods and services, is dealt with on a regular basis, has a profit earning motive, and involves risk and uncertainty. The presentation also distinguishes between different types of industries (primary, secondary, tertiary), trade (wholesale, retail, import, export), and auxiliaries that support trade such as transportation, warehousing, insurance, advertising, packaging, and banking/finance.
Business organisation bba semester 1 DCRUST Vardha Mago
The document discusses the nature and scope of business. It defines business as an economic activity involving production and distribution of goods and services for profit. The key aspects covered are:
1. Business involves buying and selling goods, provides employment, and leads to economic development.
2. It aims to earn profits through satisfying customer needs. Risk and uncertainties are inherent in business.
3. Government regulates business activities through laws and policies.
4. The document also discusses the scope of business including different types of industries like extractive, manufacturing etc. and various aspects of commerce like trade, transportation etc.
5. Finally, it provides an overview of business systems which establish procedures and controls to efficiently coordinate business
Business involves the production and sale of goods and services with the goal of earning a profit. It plays a major role in daily life by satisfying human needs. Economic activities undertaken regularly to earn money are considered business activities. Business enterprises produce, purchase, or exchange goods and services between producers and consumers. The main objectives of business are to earn profits through regular economic activities but it must also consider social responsibilities to sustain itself in the long run.
Business refers to commercial activities that provide goods and services with the goal of earning a profit. It involves the combination of human, capital, and natural resources along with technology. Key characteristics of business include an entrepreneur dealing in goods/services, earning profit, and taking on elements of risk to create utility. Objectives of business are economic like profit and market creation, social like employment and quality products, and human like rewarding and satisfying employees. Business consists of industry, which produces goods, and commerce, which involves buying and selling, including trade and trade aids like transportation. Risk is an inherent part of business due to factors outside one's control such as natural events, competition, policy changes, and demand fluctuations.
This document discusses the nature and purpose of business. It defines business as economic activities involving the purchase, production and/or sale of goods and services with the motive of earning profit by satisfying human needs. The key characteristics of business are that it is an economic activity, involves production or procurement of goods and services, involves the sale or exchange of goods and services on a regular basis, and aims to earn a profit. The document also differentiates between business, profession and employment. It then discusses the objectives, risks and classification of business activities.
Meaning of business, Classification of Business, Industry, types of industry, commerce, trade, aids to trade, forms of business, sole proprietary concerns, cooperative society, meaning, characteristics, advantages and disadvantages, partnership firms, meaning, characteristics, advantages and disadvantages, types of partners, LLP.
This document defines key concepts related to business and industry. It explains that business involves the purchase, production and sale of goods and services with the aim of earning profits. Economic activities are those performed to earn a livelihood through the production of goods and services, while non-economic activities are performed for psychological satisfaction. Industries are divided into primary, secondary and tertiary. Primary industries involve extraction and agriculture. Secondary industries process primary goods and manufacture finished products. Tertiary industries provide services to other industries and facilitate trade. Commerce aims to facilitate the exchange of goods and involves both trade and auxiliary activities that support trade.
The document discusses different types of occupations and economic activities. It classifies occupations into business, profession, and employment. It also discusses the distinctions between these categories based on factors like nature of work, investment required, risk involved, and code of conduct. The document further explains different types of industries like primary industries involved in extracting and producing natural resources, and secondary industries including manufacturing and construction. It also discusses the role of commerce in facilitating trade through activities like transportation, banking, insurance, and warehousing.
CHAPTER 2 INDUSTRY AND COMMERCE - NIOS X BUSINESS STUDIES
Classification of Business activities – Industry and Commerce
• Industry and its types
• Commerce – Trade and its Auxiliaries
• E-commerce-Meaning and Advantages
The document classifies business sectors as primary, secondary, or tertiary based on their main activity. The primary sector involves extraction of raw materials through activities like agriculture, fishing, and mining. The secondary sector creates goods from raw materials through production, construction, and manufacturing. The tertiary sector provides services and includes distribution, sales, financial services, and more. An example given is that WH Smith operates in the tertiary sector through retail sales of books and stationery.
This document defines key terms related to business and finance. It discusses the nature and aims of business, including definitions of business, kinds of business (commerce, service, industry), and classifications of business. It also covers the nature and aims of business firms, reasons for entering business, and factors affecting business choice. Finally, it defines finance and its goals, and the major functions of business finance.
Business environment consists of all factors that have a bearing on a business and affect its operations. It includes internal factors within a business's control as well as external factors outside its control. The external environment can be categorized as micro environment and macro environment. The micro environment includes factors close to the business like suppliers, customers, and competitors. The macro environment includes broad factors like economic, social, political, legal, demographic, and technological factors that create opportunities and threats for businesses. Understanding these factors of the business environment is important for businesses to adapt and make decisions.
The document provides an introduction to business concepts including definitions of business, characteristics of business, nature of business, components and scope of business, factors of production, economic systems, environmental forces, SWOT analysis, and qualities of a good businessman. It defines business as human activities directed toward providing or acquiring wealth through buying and selling of goods. It outlines 12 key characteristics of business including capital, creation of utility, and risk. It also discusses the components of business as industry and commerce.
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Presentation on factors affecting working capital decisionsKomal Mahajan
This presentation discusses factors that affect working capital decisions. It defines working capital as current assets minus current liabilities. It then lists and describes several factors that influence how much working capital is required, including the nature, size, earnings, dividend policy, credit policy, production policy, length of the working capital cycle, business cycles, price level changes, rate of growth, and rate of stock turnover of a business. The presentation was given by Ms. Komal Mahajan of the commerce department to provide an overview of working capital and the considerations that impact working capital needs.
Presentation on types of capital budgeting decisionsKomal Mahajan
This presentation discusses the different kinds of capital budgeting decisions. Capital budgeting decisions refer to long-term investment decisions regarding capital expenditures on projects. The presentation categorizes capital budgeting decisions into three categories: 1) Based on purpose - such as expansion, replacement, diversification, modernization, research & development, and environmental projects. 2) Based on effect on profitability - such as projects increasing revenue or reducing costs. 3) Based on the decision situation - such as mutually exclusive, independent, dependent projects or situations with capital rationing. Each category is explained with one or two sentence examples.
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This document provides definitions for common banking terms used in the banking industry. It defines key terms such as bank, banking system, central bank, commercial banks, investment banks, development banks, retail banking, wholesale banking, online banking, and various types of bank accounts. The summary provides an overview of the purpose and topics covered in the document.
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2. Economic
Activities
Business
* Buying and Selling
* Industry
* Transport
* Insurance
* Telecommunications
Profession
* Law
* Medical
*Chartered Accountancy
* Company Secretaryship
Employment
* Manager
* Supervisor
* Worker
*Foreman
Classification of Economic Activities
4. Business refers to the economic activities
related to buying and selling of
goods/services carried out regularly to
earn profit while bearing risks of loss.
The ultimate aim however, is to satisfy
the customers.
1. BUSINESS
8. Primary Industry includes all those
activities through which natural
resources are used as or to provide raw
materials to other industries.
PRIMARY INDUSTRY
9. Secondary Industry includes all those
activities which use raw materials from
Primary Industry to convert them into
finished product.
SECONDARY INDUSTRY
16. Profession refers to the economic activity
requiring specific qualifications,
education and experience, while
following the Code of Conduct. It is
carried out with the purpose to serve
society and making money in the form of
Fee.
2. PROFESSION
17. Employment refers to the economic
activity wherein subordinate works for
superior under a contract/agreement
with a motive to earn salary/wages.
3. EMPLOYMENT