June 6, 2020

Essential Characteristics of Research

7 Comments / Research Methodology, Study Materials /

Research is a procedure that includes a sequence of steps needed to gather and examine the information to boost and amplify the understanding and consideration of a particular topic or issue. It involves a major four steps as posing a question, setting hypothesis, collecting data to analyze the posed issue, and presenting answers to the posed question. It is s method of searching for facts in any branch of knowledge.

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Scope, Role, and Functions of Financial Management

2 Comments / Financial Management, Study Materials /

Financial management functions are mainly viewed from two approaches as traditional function or role and the new role or functions. Raise of funds is taken as a traditional role or function whereas raise and allocation of funds are taken as a new role of financial management or finance managers. The first approach confines the functions of financial management is the procurement of funds only and ignores the utilization of funds whereas, the second approach not only focuses on the procurement of funds but effective utilization of funds as well.

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Functions of Profit in Managerial Economics

Leave a Comment / Managerial Economics, Study Materials /

The business organization produces goods not for the charity rather for generating profits. In a dynamic and free-market economy, profit is only the major stimulating factor for new innovation and new products. The rate of profit in the economy gives a signal to producers to change their rate of output or to leave or to join the industry.

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