Terminology - Finance - Gross National Product - GNP

Terminology - Finance Gross National Product - GNP Gross National Product (GNP) is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non…

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ROI - Return on Investment - Terminology - Share Market

ROI - Return on Investment..! Terminology - Business, Terminology - Investment, Terminology - Share Market Return on Investment (ROI). A measure of a corporation's profitability, equal to a fiscal year's income divided by common stock & preferred stock equity plus…

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Terminology - Business : Income Tax Audit Mandatory..!

Terminology - Business:  Every person carrying on business is required to get his/her accounts audited under section 44AB if the total sales, turnover or / gross receipts in the previous year exceed Rs. 1 Crore (Hundred lakh rupees).  Similarly, a person carrying on a profess…

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Terminology - Business : World Trade Organization - WTO

Terminology - Business,  World Trade Organization ( WTO) This is an international agency that encourages trade between member counties, administers global trade  agreements & resolves disputes when they arise.  World Trade Organization - WTO https://www.facebook.com/worldtradeor…

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Terminology - Business : Business Ethics

Terminology - Business : Business Ethics The examination of the variety of problems that can arise from the business environment, and how employees, management, and the corporation can deal with them ethically. Problems such as fiduciary responsibility, corporate social resp…

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Terminology - Business: Subsidy..

Terminology - Business:  Subsidy 5 Important Points From CIEL (1.) A subsidy is the amount spent by the government to provide goods and services at prices that are lower than the market rates as a welfare measure. (2) Subsidies ensure equitable availability of essentials to low…

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Registration for Service Tax..!

Terminology - Business:  Registration for service tax..! From CIEL A person who provides a taxable service is required to mandatorily apply for service tax registration if the value of the services provided by him in a particular financial year exceeds a threshold (Now Rs. 10 …

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Terminology - Business: Monopoly

Monopoly A situation in which a single /  one  company owns all or /  nearly all of the market for  a given type of product or / service. This would happen in the case that there is a barrier to entry into the industry  / sector that allows the single company to operate without …

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Terminology - Business,Finance: Budget

Terminology - Business, Terminology - Finance. Budget An estimation of the revenue & expenses over a specified future period of time. A budget can be made for a person,  family,  group of people,  business,  government, country, multinational organization or / just about …

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Terminology - Business : Limited Liability

Limited Liability - Terminology - Business The type of investment in which a partner or /  investor cannot lose more than the amount invested. Thus, the investor or / partner is not personally responsible for the debts & obligations of the  firm in the event that these a…

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Terminology - Business - Franchise..!

A form of business organization in which a company which already has a successful product or / service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisor's trade name and usually with the …

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Terminology - Business - DESIGN THINKING..!

WHAT IS DESIGN THINKING? Most Indians first heard the word `Design Thinking' around mid-August (2014) when the newly-appointed CEO of Infosys Mr. Vishal Sikka got 20 of his senior troops an insight into `design thinking' at Stanford University. Over the next 2 months…

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Terminology - Business - Competition

Term Competition Competition for buyers is heightened as more sellers enter into a specific industry or / market.

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Terminology - Business - Cost of Capital

The opportunity cost of an investment; i e, the rate of return that a firm would otherwise be able to earn at the same risk level as the investment that has been selected. For an example, when an investor purchases / trade stock in a firm, he / or she expects to see a return…

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Terminology - Business - Proprietorship

A business structure in which an individual and his / her company are considered a single entity for tax & liability purposes. A proprietorship is a company which is not registered with the state as a limited liability company or / corporation. The owner does not pay inc…

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What is Wilful Default..

According to Reserve Bank of India (RBI) norms, a wilful default is when an entity defaults in its payment obligations to lenders even if it has the capacity to pay and does not use the funds for which the loan was availed or diverts those. If the borrower uses short-term wo…

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Related Party Transaction

A business deal or / arrangement between 2 parties who are joined by a special relationship prior to the deal. For example, a business transaction between a major shareholder & the corporation, like a contract for the shareholder's company to perform renovations to t…

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