Prepared By : Nithinlal.M PGDM ’13-‘15 Reg No : PG13027 Industry Overview Approximately 95% of India’s international trade by volume and 70% by value are seaborne. India has 11 major ports‚ 19 Medium port‚ and 187 minor ports along 7‚517 km long Indian coastline. It is strategically located as a major maritime nation due to its long coastline that flanks important global shipping routes. The National Transport Policy Committee (1980) recommended the following principles for
Premium Shipping Cargo ship Ship transport
law about standard working hours as employers may use non-paid overtime as a means to minimize the labor cost in order to offset the increase of labor costs caused by the minimum wage. First of all‚ we would like to talk about the definition of setting a standard working hour. The idea is to set a standard working hour per week. If employees’ working hours are longer than the standard one‚ employers have to pay additional bonus for the extra working hours. Reason for having standard working hours
Free Minimum wage Employment Wage
UNDERSTANDING INTERNAL CONTROLS A Reference Guide for Managing University Business Practices Understanding Internal Controls Table of Contents INTRODUCTION .................................................................................................................................................................1 OBJECTIVES ......................................................................................................................................................................1
Premium Internal control Internal audit
Abstract Discussion on harmonization is started quite long time ago. Its impact on the countries economy is good or bad is the central idea of this essay. This essay is written specifically on the accounting standard used in Australia. This essay starts with introduction on various topics such as conceptual framework‚ IASB‚ Sacs then it discussed the issue of harmonization. Harmonization will have positive impact on the economy because it attracts overseas investors to invest in Australia. This
Premium International Financial Reporting Standards Financial statements International Accounting Standards Board
Industry Analysis of Food Service Industry The foodservice (or food service) industry (US English; catering industry in British English) encompasses those places‚ institutions‚ and companies responsible for any meal prepared outside the home. This industry includes restaurants‚ school and hospital cafeterias‚ catering operations‚ and many other formats. Although the restaurant industry is very competitive‚ the lifestyle changes created by modern living continue to fuel its steady growth. More and
Premium Restaurant Food
Control Mechanisms and Nike In the past few years‚ management‚ leadership‚ and control strategies in business organizations has emerged as key factors in determining the long-term success or ultimate failure of such organizations. One large well-known successful global company is Nike‚ who has demonstrated extreme success that can be directly attributed to management‚ leadership‚ and control strategies (Krentzman‚ 1997). Control mechanisms such as bureaucratic control‚ market control‚ clan control
Premium Management Control system Control theory
Mean and Standard Deviation The mean‚ indicated by μ (a lower case Greek mu)‚ is the statistician ’s jargon for the average value of a signal. It is found just as you would expect: add all of the samples together‚ and divide by N. It looks like this in mathematical form: In words‚ sum the values in the signal‚ xi‚ by letting the index‚ i‚ run from 0 to N-1. Then finish the calculation by dividing the sum by N. This is identical to the equation: μ =(x0 + x1 + x2 + ... + xN-1)/N. If you are not
Premium Standard deviation Arithmetic mean Root mean square
THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
Premium Costs Variable cost Total cost
review current advertisements banned by the ASA. Critically analyse the rules imposed by the Advertising Standards Agency‚ are they reflective of public demand. Introduction 2 How does the system work? 2 The ASA and Marketing 4 Real life examples 5 Conclusion 8 Appendix A The UK Regulation Bodies 11 OFCOM 11 THE ADVERTISING STANDARDS AUTHORITY (ASA) 11 The Advertising Standards Codes 12 TELEVISION ADVERTISING 12 RADIO ADVERTISING 13 OTHER ADVERTISING 13 Appendix B Adjustments
Premium Marketing Strategic management Marketing plan
BUDGETARY CONTROL METHODS a) Budget: Budget is the process of stating quantitavely‚ set aside for carrying out specific activities in a given period of time. It helps to co-ordinate the activities of the organisation. Budgets are prepared for the whole company and for sub units. Tapal Pvt. Limited designs budget for each department in the organization and each department head is required to give their respective budget to the Cost and Budgeting Department. b) Budgetary control: A control
Premium Budget Management