Inductive and Deductive methods of Economics
by The Deductive Method Deduction Means reasoning or inference from the general to the particular or …
Tag: Advanced Accounting Notes
Macroeconomics Meaning, Scope and Importance
The term ‘macro’ was first used in economics by Ragner Frisch in 1933. But as …
Micro Economics
The word ‘micro‘ is derived from the Greek word ‘mickros’ meaning small. It is that …
Nature and Scope of Economics
Economics is that branch of social science which is concerned with the study of how …
Equilibrium Price
Equilibrium means a state of no change. Evidently, at the equilibrium price, both buyers and …
Control Techniques Traditional and Modern
Techniques of Managerial Control: Traditional and Modern Techniques Traditional Techniques Traditional techniques refer to the …
Effective Control System
Managers are responsible for controlling in the organization and a manager must improve the effectiveness …
Management by Exception (MBE)
It is a system of identification and communication that signals the manager as to when …
Management Control Process
Control process involves the following steps as shown in the figure: Establishing standards Standards are …
Types of Management Control
10 Types of Control Techniques The ten types of traditional techniques of controlling are discussed …