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Becoming a social auditor typically requires a combination of education, training, and practical experience in the field of social responsibility and sustainability. Here are some steps you can take to become a social auditor: Education: Start by earning a degree in a related field such as social responsibility, sustainability, or environmental science. This will provide […]
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Valuation is the process of determining the intrinsic value of an asset or a business. The purpose of valuation is to estimate the fair market value of the asset or business based on various factors such as financial statements, market conditions, growth potential, and other relevant information. Valuation is the process of estimating the worth
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TECHNIQUES TO MANAGE STRESS Stress is a natural response of the body to any demand or challenge that requires you to adapt or change. It is the body’s way of responding to a perceived threat or pressure, whether real or imagined. Stress can come from many sources, including work, relationships, finances, health problems, and other
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PROCEDURES FOR REGISTRATION OF SMALL-SCALE INDUSTRY A small-scale industry (SSI) is a business that is operated on a small scale and requires less capital, fewer resources, and fewer employees compared to larger industries. The main objective of small-scale industries is to produce goods or services on a small scale to meet the local demand or
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SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA (SIDBI) The Small Industries Development Bank of India (SIDBI) is a financial institution established by the Indian government in 1990 to promote the growth and development of small-scale industries in the country. It operates under the Department of Financial Services, Ministry of Finance, Government of India. SIDBI provides
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QUALITIES OF AN ENTREPRENEUR An entrepreneur is a person who starts and runs a business venture, taking on financial risks in the hopes of making a profit. Entrepreneurs are often characterized as creative and innovative thinkers who are willing to take on the challenge of starting a business, developing new products or services, or pursuing
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DIFFERENT APPROACHES FOR PROBLEM SOLVING Different approaches for problem solving refer to various methods and techniques that individuals or organizations can use to identify, analyze, and solve problems. These approaches can vary in their focus, methodology, and the tools used to solve the problem. For example, some approaches may involve a more creative, brainstorming-oriented approach
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IMPORTANCE OF GENERIC SKILL DEVELOPMENT Generic skill development refers to the process of improving one’s transferable skills, which can be applied across various industries and job roles. These skills are also known as soft skills, interpersonal skills, or non-technical skills, and include abilities such as communication, teamwork, problem-solving, critical thinking, adaptability, and time management. Generic
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DIFFERENCE BETWEEN ASSETS AND LIABILITIES Assets and liabilities are two important terms in accounting that are used to measure the financial health of an individual or a company. Assets and liabilities are two fundamental concepts in accounting and finance, and they are used to measure the financial health and performance of individuals, businesses, and organizations.
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DIFFERENCE BETWEEN ECONOMICS AND ECONOMY Economics and economy are related concepts but they refer to different things. Economics is a social science that studies how individuals, businesses, governments, and societies make decisions about how to allocate scarce resources. It examines how people make choices based on incentives and trade-offs, and how markets function to coordinate
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DIFFERENCE BETWEEN PROVISION AND CONTINGENT LIABILITY A provision and a contingent liability are both financial terms that relate to potential future expenses or losses that a company may face. However, there are some important differences between the two: Provision: A provision is a recognized expense or liability that a company sets aside in anticipation of
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DIFFERENCE BETWEEN ONE WAY SLAB AND TWO WAY SLAB One way slab and two way slab are two types of reinforced concrete slabs used in building construction. A one-way slab is a type of reinforced concrete slab that is supported on two opposite sides by beams or walls. It is called a one-way slab because
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