Variable costing is proportionate to the production volume, where it varies with the volume of production. When level of production increases the variable cost also increases and so if level of production decreases then variable cost also decreases. Variable cost includes; Direct Materials Direct Labor ... read more

What is Psychology Psychology is the scientific study of human mind such as mental processes and behavior. Study of Psychology is logical as well as it’s rational. Psychology knowledge is based on experiments. The knowledge of Psychology is objective it’s not subjective. Psychology knowledge is reliable a... read more

E-Commerce The most accurate, efficient mean of conduction of e-commerce is Internet. The internet is emerging as a major worldwide distribution channel for goods, services, managerial and professional jobs. This is profoundly changing economics, market and industrial structure, product and services with their flow, ... read more

Term Loan Term loan is a type of loan whose repayment takes place in more than one year but less than 10 year. Term loan are extended under a formal agreement between the borrower and lender. The repayment of term loans normally takes place quarterly, semi- annually and annually. The repayment includes interest ... read more

What is Corporate Social Responsibility (CSR)? Corporate social responsibility (CSR) discusses the professional practices connecting enterprises that advantage society. A company's CSR can include an extensive diversity of tactics, from giving away a share of a business's profits to charity, to applying ... read more

Essay Essay is derivative from a French word essayer, the word essayer means to effort, or to try. An essay is an undersized form of fictional arrangement founded on a single subject matter, and frequently gives individual view of an author. Definition of Essay Aldus Huxley defines essays as, a literary schem... read more

Black-Scholes Model The Black-Scholes formula also known as Black-Scholes-Merton was the very first extensively defined model for option pricing. It's used to find the hypothetical value of European-style options by means of current stock prices, predictable dividends, the option's strike price, predictable i... read more

Companies by Guarantee Definition A form of firm planned to guard members from liability, but which naturally does not distribute profits to its members and does not divide assets into shares.  Members of a guarantee company are obliged to pay a definite sum of money (a guarantee) if the company is wound up.... read more

Emotional intelligence is the ability of a person of understanding his own emotions as well as others emotions. It is also about considering other persons perspective and then taking an effective decision, emotional intelligence makes a person’s thinking, goals and decisions smart. It helps a person in controlling ... read more

What is Market Market is defined as an established set up where two or more revelry buyer and seller are engage in interchange of goods, services and data is called a market. Preferably a market is a habitation where two or more parties are busy in buying and selling of products and services. The two main people ... read more

Motivation “Motivation is the effort, the drive, the desire, and the energy a person uses to activate and maintain goal driven behavior.”   Motivation is the word derived from the word ’motive’ which means needs, desires, wants or drives within the individuals. It is th... read more

Non parametric statistics is the division of statistics that is not built solely on parameterized relatives of probability distributions non parametric statistics is constructed on either being spreading-free or having a detailed distribution but with the distribution's parameters indefi... read more

Variance Variance finds out how far a data set is range out. “The average of the squared differences from the mean,” but all it extremely will is to offer you an awfully general plan of the extend of your information. If the numbers provided... read more

Central Tendency Central tendency is defined as an arithmetical measure that finds or calculate a single value that precisely define the center of the distribution and tells the whole distribution of the score. The absorption of values around central value of a scattering is known as Central tendency. The altered... read more

A financial statement is an authorized document of the company, which explores the whole financial information of the company.  The aim of the financial statement is to deliver information and understand the financial aspects of the company.  Hence, preparation of the financial statement is very important as mu... read more

Perfect competition (also called pure competition) is a market configuration in which  large number of members sell and buy homogeneous products,  there are no hurdles to entry,  an individual firm has no control over the price, and  there is no non-price competition (for example public... read more

An indifference curve attaches points on a graph demonstrating different measures of two goods, points among which a customer is indifferent. That is, the customer has no preference for one mixture or package of goods over a different mixture on the similar curve. One can also mention to every po... read more

In statistics, a frequency distribution is a table that shows the frequency of numerous consequences in a sample. Every entry in the table comprises the frequency of the amounts of values within a specific group or interval, and in this technique, the table précises the distribut... read more

What is 'Regression?' Regression is a statistical quantity used in economics, investing and other alterations that tries to define the strength of the association between one dependent variable (usually represented by Y) and a sequence of other altering variables (recognized as independent variables). Regress... read more

A histogram is a show of statistical info that uses rectangles to show the occurrence of data items in sequential numerical intervals of equal size. In the most corporate form of histogram, the independent variable is plotted along the parallel axis and the dependent variable is plotted along the vert... read more