In reality, apprenticeship and internship are means of applying the skills and knowledge that students learn through their schooling, and there are some marked differences between the two. In on-the-job training, the training is provided to the trainees, at a particular work location. There are s.....
One Price Shop The one price shop refers to all of the shops where all of the goods are sold at the same price. It is a type of retail shop where a large number and a variety of articles necessary for our everyday use are traded. It is the shop where all goods of […]
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Notary Public A notary public is a public official appointed by a state government to help deter fraud. A notary is a person authorized to perform certain legal formalities, especially to draw up or certify contracts, deeds, and other documents for use in other jurisdictions. A notary public is a.....
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.....
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 .....
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.....
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.....
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.....
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.....
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.....
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 .....
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 .....