Scope of Communication

Scope of communication means normal functioning area of this subject. Since communication is essential in every sphere of human life, its scope is wide and......

Nature of Communication

Nature of Communication Communication is pervaded in every facet of human life. By crying loudly new-born babies convey the news of their arrival in the......

Elements of Business Communication

Elements of Business Communication Business communication starts with the transmission of information related to business and ends with the feedback from the receiver. The sender......

Business Communication Definition

Business communication is a special branch of general communication. When communication takes place between two or more parties concerning business affairs, it is known as......

Advantages and Disadvantages of Management Audit

Management audit refers to efficient evaluation of the general performance of the management of an organization. The purpose is to review the efficiency and effectiveness......

Managerial and Business Advantages of Management Information System

Management Information System (MIS) offers the following advantages to the managers: MIS helps businesses optimize business procedures, address information needs of employees and diverse stakeholders......

Management Information System for Business Management

Management Information System (MIS) is a broadly used and applied term for a three-resource system required for effective organization management. A decision-maker requires up-to-date, accurate......

Steps of Program Evaluation and Review Technique

Program Evaluation and Review Technique (PERT) is an important network technique useful in planning and controlling. The main goal of PERT is to reduce the......

Responsibility Accounting for Management Reporting

Responsibility accounting is a method of accounting in which diverse sections, divisions and departments of an organization are set up as ‘Responsibility Centres’. Responsibility accounting......

Advantages and Limitations of Ratio Analysis in Business management

Ratio analysis is very useful tool to a business management to decide the performance of a business entity and to take cost controlling measures as......

Significance of Ratio Analysis in Business Management

Ratio Analysis refers to analysis of financial statements through calculation of ratios. Ratio analysis is a standard to understand the financial weakness and soundness of......

Budgetary Control in Management

Budgetary control is a method of managerial control in which all operations are designed in advance in the form of budgets and definite results are......