Function of Management-Coordination and Control

FUNCTIONS OF MANAGEMENT : COORDINATION AND CONTROL     COORDINATION   “The Harmonization of activities of different work groups and departments.”   Coordination is the orderly arrangement of individual and group efforts to provide unity of action in the pursuit of a common goal. All these departments must function in an integrated manner so that … Read more

Compound Interest

 Compound Interest   Let Principal = P, Rate = R% per annum, Time = n years.   When interest is compound Annually:    Amount = P 1 + R n 100 When interest is compounded Half-yearly:     Amount = P 1 + (R/2) 2n 100 When interest is compounded Quarterly:     Amount = … Read more