Insurance is a subject matter of solicitation. If you are looking for an insurance policy for your business, you need right advice and information. Normally this responsibility is fulfilled by a person who is either an insurance agent or a broker. You are not concerned with the terminology as long as you are getting the …
When the exercise of capital budgeting is undertaken to calculate the cost of a project and its estimated returns, two tool are most commonly used. These are Net Present Value (NPV) and Internal Rate of Return (IRR). When evaluating a project, it is generally assumed that higher the value of these two parameters, the more …
It is really a great feeling to be changing over from an employee to an owner. But if you are starting a small business that is dependent upon selling products of a big company, there are two ways you can do it. Either you get a license to sell the products or services, or you …
There are many taxes that a local government collects from people running their businesses or doing service in that country. There taxes are collected to meet the expenses incurred by the government in developing infrastructure and providing basic necessities to its citizens. These taxes are of two types direct and indirect taxes. Two types of …
Any government has many responsibilities to fulfil for the development of the country and its people. For this it needs resources and these resources come from various sources such as taxes and duties. Thus duty and tax are two important sources of revenue for the government. Both tax and duty are not voluntary contributions but …
One of the most attractive tools of investment today is mutual funds. The reason they are called mutual is because of the participation of many people who pool together a sun of money that is managed by a company by investing in other companies in the share market as well as securities. It is based …
Life is full of surprises, and even more so when it comes to finances. A person having a good income today may face financial crisis in future. To avoid these unforeseen financial crises everyone invests in different instruments that can fetch extra income. There are many options available in the market that can be classified …
For successful running and continuous development of a business, both lean and six-sigma play a vital role. Though six-sigma is based upon philosophy and lean is based upon techniques, both business strategies run side by side to take a business up to sky limits. Lean is one of those key techniques, which are a part …
For any government to function effectively, it needs revenues to carry on with its responsibilities. These revenues are generated through taxes of various types that are categorised into direct and indirect taxes. While income tax is a direct tax, both excise and VAT are types of indirect taxes and constitute a bulk of revenues generated …
MSc vs MEng M.Sc and MEng are both post-graduate courses with some difference between them. M.Sc is Master of Science whereas MEng is Master of Engineering. They differ in terms of general pre-requisites, duration, outcome and job opportunities. Through this article let us examine the main differences between the two postgraduate courses while gaining …