Month: January 2022

Differences between Personnel Management and Human Resource Management A debate about the differences, between HRM and personnel management went on for some time but has died down recently, especially as the terms HRM and HR are now in general use… Read More

Types of Plans Strategic Plans Tactical Plans Operational Plans Contingency plans Strategic Plans This is a plan that covers the entire organization as a single business portfolio.  This is a broad plan developed by top-level managers to give an organization… Read More

PLANNING A plan – This refers to a predetermined course of action for achieving objectives. It’s a frame work that details the methods and tasks that are to be implemented in order to achieve organizational goals. Plans may be tailored… Read More

This is an arrangement whereby a company which owns some assets arranges to sell the same assets and at the same time agrees with the buyer to lease the same asset back at an agreed rental charge. This type of… Read More

This finance is obtained by companies by which purchase goods on credit and pay for such goods later. This “kind” and is available to companies which can pay bills on time as and when they fall due. It the largest… Read More

Debenture has its origin in the latin word Deboe which means “ I owe” it is a document that is evidence of a debt which is long term in nature, and confirms that the company has borrowed a specific sum… Read More

This acts as a source of finance in such as the company holding; such debtors can discount them with a bank and obtain immediate finance. They can be used as security for loans in particular overdrafts. The company can continue… Read More

Bills of exchange. As a source of finance, bills of exchange can be:- discounted endorsed given as securities for loans The commonest type of bills of exchange. Accommodation type of bills of exchange is that type where two parties A… Read More

The entrepreneur may obtain finance from the following main sources. Debt financing Equity financing External and internal sources. Debt financing requires a borrowing system and the entrepreneur is bound to pay back the funds borrowed together with interest payable. Debt… Read More

This refers to a co-operative. The term co-operative is derived from cooperation It is a body of people or a body of persons who have agreed to come together to achieve a certain goal. The members of the public get… Read More