Economists classify a market into one of four structures: Perfect Competition, Monopolistic Competition Oligopoly Monopoly Perfect competition :- Perfect Competition refers to a market structure where there are a large number of sellers and buyers, and each seller offers a homogeneous (identical) product. In this type of market, no single seller or buyer can influence…
Concept of Inflation ➖ Inflation in economics refers to the general increase in the price level of goods and services in an economy over a period of time. When inflation occurs, each unit of currency buys fewer goods and services than it did before, resulting in a decrease in purchasing power. Key Concepts Related to…
Concept of Equilibrium ➖ Equilibrium in economics refers to a state where market forces—specifically demand and supply—are balanced, meaning the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers at a given price. This results in a stable situation where there is no inherent tendency for change,…
A PRIMARY benefit derived from an organization employing control self-assessment (CSA) techniques is that it: A. A can identify high-risk areas that might need a detailed review later B. allows IS auditors to independently assess risk C. can be used as a replacement for traditional audits D. allows management to relinquish responsibility for control.
A. scheduling may be performed months in advance B. budgets are more likely to be met by the IS audit staff C. staff will be exposed to a variety of technologies D. resources are allocated to the areas of highest concern
Financial Management for Small Business By: Shahid Siddiqui ———————————————————————————————– Chapter Overview: Introduction to Financial Management Setting Up Your Financial System Bookkeeping Essentials Managing Payables and Receivables Effective Loan Management Budgeting and Forecasting Financial Statements and Analysis Compliance and Regulatory Requirements Cash Flow Management Risk Management and Insurance Tax Planning and Management Technology in Financial Management…
India’s Debt Burden Meaning of Debt Burden:- In Simple word, Debt Burden is the cost of debt repayment. A debt burden is a large amount of money that one country or organization owes to another and which they find very difficult to repay.According to Cambridge Dictionary, debt burden means the amount of debt owed by…
Deemed Unemployment in India The Unemployment is that a person is not able to find a work for himself but “Deemed unemployment” is a person who is not able to find a training-related job for himself. If the person is trained in a specific job and does not get that related work that is called…
What is AI :- AI is a modern technology based on software applications. This is the brain of the machine. This brain works for knowledge, research, problem solving, learning, planning and decision making. The best example today is robots. Robert is based on AI technology. More Example of AI :- Robots Self- Driving Car virtual…