Sources and uses of funds refer to the process of providing and spending of funds. Businesses rely on different sources…
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General Business English words also allow people to speak about their business experiences and backgrounds in general. They come in handy when introducing yourself to others in business meetings, giving some information about your professional background, present activities,...
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Addressing an audience large in number affects the type of the communication in terms of interactivity. As discussed in the previous post, a one-sided message better suits one-to-many communications. A one-sided message is one in which the sender...
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One method of evaluation and comparison of business performance is based on the amount of profit made in relation to the amount of sales. The gross profit – profit without administrative cost deduction – obtained through business activities...
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A society with a low score on this dimension tends to fight for equality. Therefore, the environment is more democratic and peaceful conflict resolutions are practiced. The members of this society or organization consider it their right to...
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Emotions are inseparable elements of our lives. They help us survive and thrive, but they can also be detrimental to our health and relationships. Affects are the emotional reactions to the experiences and can only be managed when...
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To improve your social competency and enhance your communication skills, keep in mind Aristotle’s elements of discourse or the rhetoric triangle. Keep in mind that you can rely on only one element, or make use of all three...
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A society that scores low on this index is considered to have short term orientation, also known as being a monumentalist. Such societies look to the past to solve the problems they face in the present and to...
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Economic growth depends on a nation’s capability to offer products and services internationally. According to the comparative cost principle, a country’s production should be based on its ability to offer products at the lowest price. It is also...
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The main function accounting is recording and keeping track of business transactions. On the other hand, Finance makes sure than company resources are well spent and expenses are under control.
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