General
FAIR PRICE VERSUS MARKET PRICE
Pricing is the process by which a company chooses the price at which it will sell its products to...
Operations in Business
Operations management, in its simplest form, is the control of business operations for the purpose of achieving objectives, increasing...
Basic Probability Rules.
The increasing level of uncertainty prevalent in our today’s world has brought us to that point where the use...
Trial Balance and Adjustments
I am happy to say that I am making great progress with Financial Accounting, I am not sure of...
Murphy’s Law
Murphy’s law is summarized as, “Anything that can go wrong will go wrong.” Such foreknowledge is actually a strength...
Operations brings things about
I heard a profound statement today: everything there is as a result of operations. That was a key takeaway...
Introduction to Cost and Management Accounting
One of the areas of accounting is cost accounting. It entails the gathering, logging, categorizing, determining, and analysis of...
FALSE ADVERTISING
The attractive slogan for the well-known energy drink was “Red Bull gives you wings,” but in 2014 Red Bull...
Analysis of Business Problem is Actually a Problem.
In a country where everything is fast-paced, the skill of analyzing business problems becomes a problem. However, for managers...
Striving for People, Planet and Profit
People What comes to mind when you think of the term “stakeholder” in relation to a company? You probably...