Economics

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Corporate Social Responsibility: [PDF Inside] Definition, Example, Principles, Importance, 7 Pillers, Benefits, Why We Should Implement It?

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Corporate Social Responsibility

Corporate Social Responsibility (CSR) is a concept that refers to a business’s commitment to operate ethically and contribute positively to society and the environment in which it operates. It involves the voluntary actions that a company takes to improve its impact on various stakeholders, including customers, employees, investors, communities, and the environment. CSR encompasses a … Read more

What is Business Environment? [PDF Inside]Characteristics, Components, Types, Importance, SWOT Analysis, Environment Analysis, Internal, and External Factors

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Business Environment article

The business environment refers to the external and internal factors that affect a business’s operations, decision-making processes, and overall success. It includes all the conditions, events, and factors that can impact a business, such as economic, social, political, legal, technological, and environmental factors.

What is Benchmarking? [PDF Inside]Process, Importance, 6 Types Value Cycle, Objectives, Advantages, and Disadvantages

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Benchmarking

Benchmarking is the process of measuring and comparing the performance of an organization, process, or product against a set of established standards or best practices. It involves identifying and analyzing the practices and performance metrics of other organizations that are recognized as leaders in a particular industry or field, with the goal of improving the performance of the organization being benchmarked.

Financial Reporting: [PDF Inside] Methods, Purpose, Types, Components, Benefits, Examples

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financial reporting

Financial reporting refers to the process of disclosing financial information to various stakeholders, such as investors, creditors, regulators, and the general public. The purpose of financial reporting is to provide relevant, reliable, and timely information about a company’s financial performance and position, as well as its cash flows and related disclosures.

Human Resource Accounting: [PDF Inside] Method, 3 Major Aspects, Example, Objectives, Functions, Benefits, And Negatives

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Human resource accounting

Human resource accounting is a type of accounting that focuses on measuring the value of a company’s human resources, such as its employees, in financial terms. The basic idea behind human resource accounting is that a company’s workforce is a valuable asset, just like its physical assets, and should be accounted for in a similar manner.

What is Cost Accounting? [PDF Inside] Types, Objectives, Functions, Benefits, and Negatives, Financial Accounting

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cost accounting

Cost accounting is a branch of accounting that deals with the process of recording, analyzing, and reporting the costs associated with producing goods or services. The goal of cost accounting is to help businesses understand the costs involved in their operations, as well as identify ways to reduce those costs and increase profitability.

Responsibility Accounting: [PDF Inside] Components, 4 Types, Objectives, Benefits, & Drawbacks

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Responsibility Accounting

Responsibility accounting is a management control system that divides an organization into smaller units, each of which is responsible for achieving specific goals and objectives. Under this system, each unit is assigned a set of responsibilities that are clearly defined and measurable, and each unit is held accountable for meeting those responsibilities.

What is Operating Leverage? [PDF Including] Example, Degrees, Importance, Advantages, and Disadvantages, High & Low Operating Leverage

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Operating leverage

Operating leverage is a measure of the degree to which a company’s fixed costs are used to generate profits.

Financial Leverage: [PDF Inside] Example, Calculation, Strategies, Importance, Advantages, & Disadvantages

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aximizing Profits with Financial Leverage: The Power of Debt Financing

Financial leverage refers to the use of borrowed funds or debt to increase the potential return on investment. In other words, it is a strategy that involves using borrowed money to finance an investment, with the aim of increasing the potential profits that can be earned.