This article is about the geographical region of Kashmir: Political Map: the Kashmir region districts, showing the Pir Panjalrange and the Valley of Kashmir.   Ninth-highest: Nanga Parbat, a dangerous mountain to climb, is in the Kashmiri region of Gilgit-Baltistan in Pakistan Kashmir (Balti, Gojri, Poonchi/Chibhali, Dogri: कश्मीर; Kashmiri: कॅशीर, کٔشِیر;Ladakhi: ཀཤམིར; Uyghur: كەشمىر; Shina: کشمیر) is the northwestern region of the Indian subcontinent. Until the mid-19th century, the term Kashmirgeographically denoted only the valley between the Great Himalayas and ... Read More »

Private Saving is the amount of income that households have left after paying their taxes and paying for their consumption.Public Saving is the amount of tax revenue that the government has left after paying for its spending.For the economy as a whole, saving must be equal to investment. Read More »

In a representative sample, the values of a series of data have a tendency to cluster around a certain point usually at the center of the series. This tendency of cluster the values around the center of the series is usually called central tendency and its numerical measures are called measures of central tendency. Read More »

Financial statements are a collection of reports about an organization’s financial condition. For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements.      Read More »

Every decision involves choosing from among at least two alternatives. Any cost that differs between alternatives is a differential cost. Only the differential costs are relevant in making a decision. Be able to define and explain each term or concept in this chapter and to prepare a Cost of Goods Manufactured statement. Understand the flow of costs through the accounting ... Read More »

Entrepreneurship is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence- Robert Hisrich (1985) Read More »

A business plan is a written document prepared by the entrepreneur that describes all the relevant external and internal elements involved in starting a new venture. The business plan is like a road map for the business’ development. Entrepreneurs can also hire or offer equity to another person to provide expertise in preparing the business plan. Read More »

A patent is a contract between the government and an inventor. The government grants the inventor exclusivity for a specified amount of time. The patent gives the owners a negative right, preventing anyone from making, using, or selling the invention. Read More »

Method  for obtaining new ideas and solutions by focusing on problems. It is used to test a new product idea results from product inventory analysis must be carefully evaluated as they may not actually reflect a new business opportunity. Read More »

International Entrepreneurship is the process of an entrepreneur conducting business activities across national boundaries. Read More »

Entrepreneurs also seem to have a high need for independence and may have a high need for achievement. Locus of control refers to the internal-external control dimension of an individual.  Managers and entrepreneurs both have more of an internality tendency than the general public. Read More »