Management

Negotiable Instrument (Document)

Negotiable Instrument (Document)

Negotiable Instrument (Document) A negotiable instrument is a signed document that promises a sum of payment to a specified person or the assignee. It is such as a bill of exchange, which can be transferred from a person to another by endorsement on the back of it, conveys to the transferee a leg.....

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Multinational Company

Multinational Company

Multinational Company A multinational company (MNC) is a business that operates in many different countries at the same time. It is an enterprise that has an integrated global philosophy encompassing domestic, as well as overseas operations. MNC can have a positive economic effect on the country .....

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Minute Book

Minute Book

Minute Book is a book in which written minutes or other records are entered. A book in which the resolutions of different meetings of the company are written for, a permanent record is called a minute book. Companies are legally obligated to maintain certain records. The expression “minute boo.....

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Declaration Date

Declaration Date

The date of declaration or ‘declaration date’ is that the date on which a company announces an upcoming dividend payment, usually by issuing a press release a few weeks before the dividend is actually paid. The declaration date is also referred to as the “announcement date.” In addition t.....

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Invoice Processing

Invoice Processing

Invoice processing is the entire process your company’s accounts payable team uses to handle supplier invoices. The invoice must either be scanned or manually entered into your ERP system or accounting software. Invoice processing refers to the entire process for handling a supplier invoice, fr.....

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Assemble-to-Order (ATO)

Assemble-to-Order (ATO)

Assemble-to-Order (ATO) could be a production model where the ultimate goods are produced once the manufacturer receives the order from the purchasers. The components are already produced and stored at the location. This method is different from the build to order method where the manufacturer st.....

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About Operations Management

About Operations Management

Operations management involves planning, organizing, and supervising processes, and makes necessary improvements for higher profitability. The adjustments in the everyday operations have to support the companies or organization’s strategic goals, so they are preceded by deep analysis and me.....

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Difference Between Production And Operations Management

Difference Between Production And Operations Management

Production management and operations management talk about applying business organization and management concepts in the creation of products and services. Production management refers to the management of activities related to the production of goods. On the opposite side, operations management .....

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Difference Between Orientation And Onboarding

Difference Between Orientation And Onboarding

Orientation and onboarding are vital components to integrating a replacement employee into a corporation or organization. The corporate holds an orientation program so as to tell the new joinee about the company’s fundamental details about its mission, vision, objectives, policies, etc. On the .....

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Difference Between Management And Administration

Difference Between Management And Administration

Management and administration are both important functions that support the success of any business, company, or organization. Management is an art and science. It’s the practice of bringing a bunch of people together to form an upshot that’s greater than the sum of its parts. Administrat.....

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Management Information System (MIS)

Management Information System (MIS)

Management Information System (MIS) A management information system (MIS) is a computer system consisting of hardware and software that serves as the backbone of an organization’s operations. It is a computerized structure that gathers comprehensive data, organizes and summarizes it in meaningf.....

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Difference Between Executive And Non-Executive Director

Difference Between Executive And Non-Executive Director

An executive director may be a member of a board or firm who is additionally an employee of the corporate and has management responsibilities. Executive directors have executive responsibilities for running the company’s day-to-day business activities. They’re usually a senior executive or a .....

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