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MPT 221478
  • Male, 25 Years
  • Activity Score187

Sonali J

  • I teach at My Home
  • Experience:
    I have been teaching Mathematics, Accountancy, Business Studies, Commerce Subjects to the students of class XI - XII of all boards since last three years. My teaching style is unique it is beneficial for boards as well as competit... More [+]
  • Teaches:
    Economics, Commerce Subjects, Business Studies, Accountancy, Management Subjects, BBA Subjects, CS - Foundation, CA - IPCC
  • Board:
    CBSE Board
  • Areas:
  • Pincode:
    110092
Profile Details
Profile Details

Qualification :

0

Total Experience :

6 Years

I have been teaching Mathematics, Accountancy, Business Studies, Commerce Subjects to the students of class XI - XII of all boards since last three years. My teaching style is unique it is beneficial for boards as well as competitive examination.

Tutoring Option:

Home Tuition Only

Tutoring Approach:

I plan the lessons as per the student's ability to cop up and and moreover upon their needs. My teaching technique is student friendly and easy to understand which helps student understand it better. Weekly tests will be conducted to know the student's performance.

Hourly Fees [INR]:

49.00

Class 11 - 12 Accountancy, Economics, Business Studies, Commerce Subjects, CBSE Board INR 49.00 /hour
MBA & BBA Management Subjects, BBA Subjects INR 99.00 /hour
CA CPT CA - IPCC, CS - Foundation INR 99.00 /hour
Educational Resources
Educational Resources

Notes written by me [1]

Nature And Significance Of Management
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Introduction to Management.

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Answer
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  • Question: In accounting, VAT abbreviates what?

    Posted in: Accounts | Date: 11/07/2016

    Answer:

    VALUE ADDED TAX. that levy taxe on each stage of addition and hence called Value Added TAX

  • Question: What is meant by principles of management?

    Posted in: Business Studies | Date: 11/07/2016

    Answer:

    A Principle refers to a statement which reflects the fundamental truth about some phenomenon based on cause and effect relationship. It provides a guide to thought and action.

    In this sense, management principle are the statement of FUNDAMENTAL TRUTH which act as GUIDELINES for taking the MANAGERIAL ACTION AND DECISIONS.

  • Answer:

    Effectiveness in maganement is concerned with doing the RIGHT TASK.

    It is different from efficiency because efficiency is doing the task CORRECTLY, TIMELY and with MINIMUM COST.

  • Question: can you why is management called an art?

    Posted in: Business Studies | Date: 11/07/2016

    Answer:

    Art can be define as systimatic body of knowledge which requires skill, creativity and practice to get perfection. The main fearures of art are -

    1) SYSTEMATIC BODY OF KNOWLEDGE : In every art, their is systematic and organised study material available to accquire theoretical knowledge of the art. Fro example various books on different ragas are available in music. In the same way their is a lot of literature available in various areas of mgt.

    2) PERSONALISED APPLICATION : Every artist must have personal skill and creativity to apply knowledge. In management also, manager learn various management thiore and used them under different situation.

    3) BASED ON PRACTICE AND CREATIVITY : An artist must add his creativity to the theoritical knowledge he has learnt. Manager also improve their managerial skills and efficiency with their experince.

    CONCLUSION : On comparing the features of art with management, we find that feature of art are present in management. So we can say that MANAGEMENT IS AN ART OF GETTING THINGS DONE THROUGH OTHERS.

  • Question: Define depreciation and its types?

    Posted in: Accounts | Date: 14/07/2016

    Answer:

    Depreciation is a systematic  process of distributing the cost of (tangible) assets over the life of assets. Depreciation is a process of allocation. Cost to be allocated = acquisition cot - salvage value Allocated over the estimated useful life of assets.

    Depreciation methods which are very popular are-

    • Straight line method-  Depreciation = (Cost - Residual value) / Useful life
    • Diminishing balance method - Book value x Depreciation rate        Book value = Cost - Accumulated depreciation        

     

  • Question: Define Scrap value in accounting?

    Posted in: Accounts | Date: 14/07/2016

    Answer:

    Meaning Of Scrap

    • Scrap is a left over or residue after a product has been manufactured.
    • Low quality raw material or abnormal size of raw material gives scrap material.
    • Faulty or wrong product designing, substandard or unsuitable raw material, abnormal machine operation etc are the main causes of scraps.

    Accounting Treatment Of Scrap METHOD 1 Nominal sales price realized out of negligible scrap is treated as other income in cost account. METHOD 2 A scrap account is opened with the full amount of the scrap of the process or job if such a scrap value is significant. Process account or job account is given credit by the value of scrap. The scrap account is closed by the balance either of profit or loss to the profit or loss account. METHOD  3 Net sales value of scrap after deduction of selling and distribution costs is deducted either from the overhead amount or from the material cost. Deduction out of overheads is made to adjust the overhead ratio if scrap is not possible to identify in relation to a process or a job.  

  • Answer:

    Universal application:The principles of management are universal in nature that means they can be applied to all types of organisations irrespective of their size and nature. These are suitable for all kinds of organisations.For example, the principle of division of labour can be applied to all the organisations and results in specialization although the degree of specialization may vary depending upon the nature and size of the organisation.

     Flexible: Principles can be applied differently in under different conditions. Some changes can be made in their application according to the requirement of the company. They can be easily modified by the managers who are using them. E.g. degree of centralisation and decentralisaton vary in different organisations according to their nature and size

    Cause and effect relationship: The management principles also form cause and effect relationship. It indicates the consequences of its principles, for instance if wages are paid on the basis of piece-rate system the quantity of work will be more, but the quality will suffer. 

    Influence human behaviour: principles of management are meant for regulating human behaviour and getting higher performance from individuals. However, due to complexity of human behaviour, its applicability is limited.

  • Answer:

    PLANNING It is the process of setting objectives and targets for a given time period and formulating an action plan to achieve them effectively and efficiently. It concerns itself With both ends and means that is what is to be done and how it is to be done. 

    FEATURES OF PLANNING

    1) Planning Focuses on Achieving Objectives:

    Management begins with planning and planning begins with the determining of objectives. In the absence of objectives no organisation can ever be thought about. With the determining of objective, the way to achieve the objective is decided in the planning.

    (2) Planning is Primary Function of Management:

    Planning is the first important function of management. The other functions, e.g., organising, staffing, directing and controlling come later. In the absence of planning no other function of management can be performed.

    (3) Planning is Pervasive:

    Since the job of planning is performed by the managers at different levels working in the enterprise, it is appropriate to call it all-pervasive. Planning is an important function of every manager; he may be a managing director of the organisation or a foreman in a factory.

    (4) Planning is Continuous:

    Planning is a continuous process for the following reasons:

    (a) Plans are prepared for a particular period. Hence, there is need for a new plan after the expiry of that period.

    (b) In case of any discrepancy plans are to be revised.

    (c) In case of rapid changes in the business environment plans are to be revised.

    5) Planning is Futuristic:

    Planning decides the plan of action what is to be done, how is it to be done, when it to be done, by whom is it to be done all these questions are related to future. Under planning, answers to these questions are found out.

    ) Planning Involves Decision Making:

    Planning becomes a necessity when there are many alternatives to do a job. A planner chooses the most appropriate alternative. Therefore, it can be asserted that planning is a process of selecting the best and rejecting the inappropriate. It is, therefore, observed that planning involves decision making.

    (7) Planning is a Mental Exercise:

    Planning is known as a mental exercise as it is related to thinking before doing something. A planner has mainly to think about the following questions:

    (i) What to do? (ii) How to do it? (iii) When to do it? (iv) Who is to do it?

  • Answer:

    MEANING:

    It is the sum total of all individuals or institutions comprising of consumers, competitors, suppliers government, courts, media and also the forces like economic, social, political, legal and technological that are outside the ambit and control of business enterprise but that which can affect its performance.

    2. FEATURES OF BUSINESS ENVIRONMENT:

    (i) Constitutes totally of external forces – it comprises of the sum total of all forces that are external to the business firm which it must deal with.

    (ii) Specific and general forces- the forces present outside can be divided into two parts specific – these affect the firms of an industry separately e.g customers, suppliers, competitive firms etc.

    General – these forces affect all the firms of an industry equally e.g social, political.

    (iii) Inter-related – the different factors are co-related e.g change in the import – export policy is a political change that gives rise to economic change that gives rise to economic change as well

    (iv) Uncertainty-business environment are susceptible to rapid changes, no one can predict with certainty the changes in the factors.e.g change in technology and fashion.

    (v) Dynamic – business environment keeps on changing.

    (vi) Complex – it is difficult to know the extent of impact of the changes that the factors can bring in.

    (vii) Relative – business environment is a relative concept as it differs from country to country, region to region.

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