Category: Management

Rights of Partner in Partnership

Post author By Hemant More
Post date August 9, 2019
No Comments on Rights of Partner in Partnership

Management > General Management > Forms of Business Organizations > Rights of Partners Partners can determine their mutual rights and duties by a contract called a partnership deed. The partnership deed determines aspects of general administration, distribution of work among partners, the extent of share in profits, etc. Such a deed can be expressly made […]

Tags Right to be Consulted, Right to get interest on advnaces, Right to Get Interest on Capital, Right to get remuneration, Right to Inspect Books of Accounts, Right to Oppose Entry of New Partner, Right to participate in business, Right to retire, Right to Share Profit

General

Types of Cooperative Societies

Post author By Hemant More
Post date August 8, 2019
7 Comments on Types of Cooperative Societies

Management > General Management > Forms of Business Organizations > Types of Cooperative Societies The cooperative societies are classified on the basis of the nature of their operations. The types of cooperative societies are as follows: Consumer’s Cooperative Societies: They are the oldest form of cooperatives. The consumer cooperative societies are formed to protect the […]

Tags Consumer’s Cooperative Societies, Cooperative Housing Societies, Credit Cooperative Societies, Farmer's Cooperative Societies, Marketing Cooperative Societies, Producer's Cooperative Societies

General

Cooperative Society

Management > General Management > Forms of Business Organizations > Cooperative Society Cooperation is the process of groups of individuals working or acting together for common, mutual, or some underlying benefit or purpose, as opposed to working in competition for selfish benefit. The cooperative society is a voluntary association of persons, who join together with the […]

Tags Advantages of Cooperative Society, Charcteristics of Cooperative Society, Demerits of Cooperative Society, Disadvantages of Cooperative Society, Features of Cooperative Society, Merits of Cooperative Society

General

Types of Partnership

Management > General Management > Forms of Business Organizations > Types of Partnerships Types of Partnership on the Basis of Duration: On the basis of the duration of the partnership, the types of partnership are a partnership at will, a partnership for a fixed term, and a particular partnership. Partnership at will: If a partnership […]

Tags General Partnership, Limited Liability Partnership, Limited Partnership, Particular Partnership, Partnership at will, Partnership for fixed term

General

Partnership

Management > General Management > Forms of Business Organizations > Partnership The sole proprietorship form of the organization suffers from certain limitations such as limited resources, limited skill, and unlimited liability. To expand business more capital, more time and managerial skills are required. There may involve more risk. This disadvantage of sole proprietorship call for more […]

Tags Advantages of Partnership, Characteristics of Partnership, Demerits of Partnership, Disadvantages of Partnership, Features of Partnership, Mertits of Partnership, Partner

General

Types of Partners

Management > General Management > Forms of Business Organizations > Types of Partners The Indian Partnership Act, 1932 defines partnership as “the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.” In partnership, two or more people work together […]

Tags Active Partner, Dormant Partner, ManagingPartner, Minor Partner, OutgoingPartner, Partner by estopel, Partner by holding out

General

Joint Hindu Family Business (HUF)

Post author By Hemant More
Post date August 6, 2019
1 Comment on Joint Hindu Family Business (HUF)

Management > General Management > Forms of Business Organizations > Joint Hindu Family Business (HUF) When starting a business or is interested in expanding an existing one, an important decision relates to the choice of the form of organization. By weighing the advantages and disadvantages of each form of organization, the most appropriate form is […]

Tags Dayabhaga, Karta, Mitakashara, Mitakshara

General

Sole Proprietorship

Management > General Management > Forms of Business Organizations > Sole Proprietorship When starting a business or is interested in expanding an existing one, an important decision relates to the choice of the form of organization. By weighing the advantages and disadvantages of each form of organization, the most appropriate form is determined. The decision […]

Tags Advantages of Sole Proprietorship, Characteristics of Sole Proprietorship, Demerits of Sole Proprietorship, Disadvantages of Sole Proprietorship, Features of Sole Proprietorship, Merits of Sole Proprietorship

Statistics

Tests for Adequacy of Index Number

Post author By Hemant More
Post date July 6, 2019
3 Comments on Tests for Adequacy of Index Number

Several formulae have been suggested for constructing index numbers and the problem is that of selecting the most appropriate one in a given situation. The different tests are the unit test, time reversal test, factor reversal test, and circular test. Unit Test: This test states that the formula for constructing an index number should be […]

Statistics

Kelly’s Method and Walsh Method

Post author By Hemant More
Post date July 5, 2019
1 Comment on Kelly’s Method and Walsh Method

Management > Managerial Statistics > Index Number By Kelly’s Method and Walsh’s Method Kelly’s Method: Truman L. Kelly has suggested the following formula for constructing index number. Here weights are the quantities which may refer to some period, not necessarily the base year or current year. Thus the average quantity of two or more years […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Kelly's Method, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index, Walsh Method