Business

Circular Cheque A cheque issued by a bank to its agents or branch abroad is called a circular cheque. In banking, it is a document…

Corporate sustainability can be viewed as a new and evolving corporate management paradigm. It is an approach aiming to create long-term stakeholder value through the…

The consignor records this prearranged amount with a debit to cash and a credit to sales. Merchandise that is not owned by the party in…

Social capital refers to the intangible resources embedded within interpersonal relationships or social institutions. It is the effective functioning of social groups through interpersonal relationships,…

Collateral Security Collateral is an asset that a lender accepts as security for extending a loan. Collateral security is any property-movable or immovable property offered…

Certificate of Origin A Certificate of Origin or CO is a document that indicates where a product came from. The certificate describing the place of…

Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labor so as to produce…

Division of Labor is the separation of tasks in any economic system so that participants may specialize (specialization). Individuals, organizations, and nations are endowed with…

Types of Consignment Expenses The various expenses are required for goods sent by the consignor to the consignee. Consignment is an arrangement made between two…

Diplomatic capital refers to the trust, goodwill, and influence which a diplomat, or a state represented by its diplomats, has within international diplomacy. The body…

Clearing House is an intermediary between buyers and sellers of financial instruments. In the course of daily transactions, each bank has to receive a number…

Knowledge management (KM) is the process of creating, sharing, using and managing the knowledge and information of an organization. The main goal of KM is…