According to ICAR (Indian Council of Agricultural Research) soils are divided into 8 categories. they are alluvial soils, Black cotton soils, Red soils, Laterite soils, Mountainous or forest soils, Arid or desert soils, Saline and alkaline soils Peaty and marshy soil…

Board committees are set up when the organisation is large and there are complex issues that require systematic discussions or when there are numerous managers are to be held by the board. There are two types of board committees are as follows: Mandatary Committees: A…

The Water transport provides the Cheapest source of transportation to any country. At present, there are about 14,500 km long navigable waterways in India. The length of water ways in India is maximum in Uttar Pradesh followed by West Bengal, Andhra Pradesh, Assam a…

The Utility Approach: It deals with analysing the cost and benefits of the decision. The basis of moral activity in the utilitarian approach is based on the result of the act. If the net benefit exceeds the overall cost, then the act is considered morally right. The et…

Decision Tree: It is a chart, graph or model that focuses on each event and its outcomes. It also focuses on the likelihood of occurrences of these events. They are used in quantitative decision making. The diagram consists of a tree-shaped figure which shows a course…

Classical economists like Carl Menger, Jeremy Bentham, Leon Walras and neo-classical economists like Alfred Marshall believe that utility can be measured in quantitative figures just as height and weight. It gives absolute figures of utility. Assumptions of Cardinal U…

According to Louis A Allen, "centralisation is the systematic and consistent reservation of authority at central points within the organisation." Power and authority are concentrated at the top levels only. It facilitates in the early stages of organisationa…