Profit planning has two main question: (1) how much sales and (ii) what cost? First question can be answered by simply multiplying Quantity with Price. Second question is a bit cumbersome to answer as firstly (i) cost data would be analyzed to ascertain the cost-behavior ( fixed, variable or mixed), (iI) the cost behavior would […]
Technological advancements are forcing companies to scapped their old and obsolete assets and replace them with more efficient ones. Average machines life has reduced to 5-7 years. But this pays off as the new machines are cheaper to buy and more productive thereby recouping their cost in much lessor times than before. This fits into […]
In some places in the United States, folks make jokes about inbreeding. My own mother was from West Virginia, and some of her friends would often make “pumpkin head” jokes about the inbred folks where she came from. (It is true that her parents, my grandparents, were second cousins, however both my mother and her […]
Bigfoot in Ohio If you live in Ohio you probably think Bigfoot is the last guy you ’re going to see while out for a walk in the woods, but sightings of the elusive beast are on the rise in your state. It turns out Ohio is a favorite haunt of the big hairy guy. […]
The History of Paper Have you ever wondered where the word ‘paper’ comes from? The origins of the word give us a clue to the origins of paper itself. ‘Paper’ is derived from ‘papyrus’ which is what the Ancient Egyptians used to use to write on. Papyrus wasn’t paper as we would think of it […]
Today ’s students are much more technological inclined and love multi-media presentations. From Powerpoints and flipped classrooms to Smartboards and I-pads, more and more students are becoming tech savvy. However, that does not mean that they are necessarily better language learners than their predecessors. In fact, due to some dependance on technology, they often have […]
To those who ask, yes there are sharks in the Mediterranean Sea. Seldom seen, and even more seldom coming close to people, they are there, but in ever-decreasing numbers as they are being fished to extinction. The Mediterranean Sea is an inland sea situated in central Europe, but spanning three continents – Africa, Asia and […]
The service industry is getting more attention in the B-World. It has never been as easy to establish a company, I should say, a listed company. Production and operations companies have seen so many business management concepts for quality control and best team management practices including quality circles. Emery suggested, “In designing a social system […]
Management involves handling and controlling the activities of men, machines, material, and money effectively and efficiently. Efficiency refers to getting the maximum output from the available scarce resources, i.e., “doing things right.” Effectiveness refers to “doing the right things” to achieve desired business objectives. Every organization works towards achieving some common goals and formulates methods […]
Our solar system is part of the Milky Way Galaxy and is an amazing phenomenon. Composed of eight planets, at least three dwarf planets (Pluto recently demoted from planet status), the Sun as its centre and source of power and heat, more than 130 moon satellites of planets and an immense asteroid belt. All of […]
Financial management means putting together the economic resources at hand to make efficient use of them and taking decisions that can successfully culminate in acquiring more assets for the family or business. With effective utilization of funds, you can even attract finance to meet the short-term and long-term requirements of the family or firm. The […]
As long as you are alive, your body will constantly metabolize organic molecules and produce waste products. If you are unable to get rid of metabolic waste products, they will accumulate to toxic levels and poison your body. The urinary system is very important because it perform the essential function of getting rid of these […]