Activity Based Costing: Meaning, Features, and Advantages
What is ABC (activity based costing)? It is the collection of financial, operational, performance information tracing the significant…
Expert Systems (ES): Features, Classification, and Limitations
Expert Systems (ES): The expert system is one of the most active and extensive topics in artificial intelligence…
Written Communication: Features, Advantages, and Disadvantages
Introduction to Written Communication; While speech comes to us very naturally and spontaneously, writing comes after serious practice…
How to we look at the current phase of globalization?
The current phase of Globalization; of course, is not a new phenomenon. The period 1870 to 1913 experiences a…
Process Costing: Meaning, Characteristics, and Objectives
Process Costing is a method of costing used to ascertain the cost of a product at each process…
Utility Analysis; Meaning, Definition, Features, and Concept
Utility Analysis; The Cardinal Approach or Utility Analysis to the theory of consumer behavior is based upon the…
Monopoly; Introduction, Meaning, Concept, and Features
Introduction; Monopoly is defined as a single seller or credit in the market. The monopoly refers to a…