Because of working estimation of manpower requirements, over-staffing is a common feature of all public enterprises leading to increase in wage bill and operating costs considerably. The Administrative Reforms Commission has observed that “a comparison of the forecast made in the detailed project report of various steel plants, fertilizer project,

hi,

see the problems may differs as per the companies work culture and policy. ntpc, indian oil, power grid, bhel , coal india etc are comes under public sectors undertakings. in some of the cases the work location can be in remote places and you have to relocate there. some

1. Every co-partner is guaranteed a “bare subsistence” irrespective of the extent of his contribution to the business.

2. There is a scope for younger members of the family to get the benefit of knowledge and experience of elder members of the family.

3. Members of the family are taught

Hi Grag, hope you are doing well. With regards to your question I want to mention that Joint Hindu Family Firm (JUF) is a form or type of business organisation wherein the members of the same family can only manage and own the business. It is controlled under the Hindu

A monopolist may operate more than one plant. In the short-run, he can operate any number of plants of the same size or of different sizes. But in the long-run, he operates only those plants which together bring in larger profits. Given each plant of the same size and of

Hello student, I Hope you are doing good, to answer your question, generally the cutoff of Shri Ram College of Commerce for B.Com (//B.Com) (H) / B.A. Economics (H) varies from 100% to 97.5% for General Category.

2. There is no specific quota for International Students but the admission process

The concept of responsibility accounting leads directly to the classification of cost as controllable. The controllability of a cost depends upon the levels of responsibility under consideration. A controllable cost may be defined as one which is reasonably subject to regulation by the executive with whose responsibility that cost is

Escapable costs are costs that can be reduced due to a contraction in the activities of a business enterprise. It is the net effect on costs that is important, not just the costs directly avoidable by the contraction. Unavoidable costs, such as labor charges, power, etc., are necessary to run

Hi,

Postponable expenses are those that can be deferred for at least a period of time, such as building and machinery upkeep. This difference is commonly used by railways. They are aware that rolling stock and permanent track repair might be postponed for a period of time.

1. Out-of-Pocket and

The total cost is equal to the sum of fixed cost and all the marginal costs uncured. For example, at an output of 5 units, the total cost is initial cost to which the firm is committed irrespective of the quantity produced.

Where marginal cost falls, total cost will be