A construction project manager is an official responsible for supervising a construction project from the very beginning till the completion of the project. The construction projects differ from other projects in that they are mission-based projects and are completed only after the project is built.Construction building projects require a broad outlook taking consideration of specific constraints to the design and build of a particular project. In view of this, a construction project manager … [Read more...] about Responsibilities of Construction Project Manager
Roles and Duties
How Research and Managers are Interlinked
Global market is getting faster day by day. Every second, science & technology is moving one step ahead is all because of great research work. On a domestic and international level, you can only survive if your research plan is better than your competitors.Only a skilled manager can help organization in a better implementation of the researched strategies. Now, the question arises why research is important? How it is significant for the managers? Reading it will give you a deeper … [Read more...] about How Research and Managers are Interlinked
Joint Stock Company
It is a popular type of business running across the globe under different territory based rules and regulation. The driving factors of this business type are different characateristics which includes its legal entity in the state, people trust and many others. It is also a form of business like other types of businesses including public limited company, partnership, sole proprietorship.Joint Stock Company is a type of business which gives business ownership rights to share holders by giving … [Read more...] about Joint Stock Company
Rights of Parnters
ConsultationEvery partner has equal rights in disposing of the matter. However, ordinary matters are decided by the simple majority of partners and policy matters are settled with the consent of all the partners but every partner must be consulted.Receive ProfitEvery partner has a right to receive equal profit from the management in the absence of an agreement.Participation in the ManagementEvery partner is allowed to take part in the management of the … [Read more...] about Rights of Parnters
Duties of Partners
To Perform True ServicesEvery partner must perform true services in partnership i.e., to maintain the true accounts, to keep the actual vouchers records and transactions and to permit the other partners to inspect the accounts fairly.To be Sincere and CarefulEvery partner must be sincere, faithful and careful to other partners. He should discharge his duties very fairly.To work for Best AdvantagesEvery partner is expected to conduct this business of the firm to the … [Read more...] about Duties of Partners
Rights and Duties of Collective Bargaining Agent
Collective Bargaining Agent is the agent of the workmen in the establishment or, as the case may be industry, in the matter of collective bargaining.It means the trade union of workmen which is formed for the purpose of regulating the relation between workmen and employers or for imposing restrictive conditions on the conduct of any trade or businessRepresentation of Collective Bargaining AgentIn case of one trade unionWhere there is only one registered trade union in an … [Read more...] about Rights and Duties of Collective Bargaining Agent
Common Carrier
A “Common Carrier” is one who holds himself out as ready for hire for transport of goods of all persons from one place to another, by land, sea or air, for reward. He must do his work as a business and not as casual occupation.Section 2 of the carriers Act 1865 defines a “Common Carrier” as “a person, other than Government, engaged in the business of transporting for hire, property from places place by land or inland navigation, for all persons indiscriminately”.Kinds of … [Read more...] about Common Carrier
Rights, Duties & Liabilities of Agent to Principal
An agent on behalf of the principal has the same legal worth as principal himself. He can create legal contracts with third parties and act as an agent too. Sometimes or Often, agents are being paid for their services in the form of commissionRights of AgentAgent’s LienAn agent is entitled to retain goods, papers and other property, whether movable or immovable, till the amount due to him for commission and disbursement etc in respect of the same has been paid.Agent’s Right to … [Read more...] about Rights, Duties & Liabilities of Agent to Principal
Bailment
Bailment is an act, contract (with or without signed paper) between bailee and bailor. Bailee is the person who is given product/item/property or anything which is actually the property of bailor. It is for a specific time period.After that, bailor has the right to take and Bailee has a responsibility to return back. These must be carefully used under instructive manner.In simple words, it is changing the possession but not the ownership. The product/property will be returned to the … [Read more...] about Bailment
Types of Business Function
Every running business is backed up by various shown and hidden functions helping it generate sales and earn revenues. These Business functions or tasks usually varies in different businesses but overall they are same from production to qualify sales.10 Different Types of Business FunctionsIf you are new to business world and thinking to start profit generating business in your area or somewhere in world, there are many but 10 most important things to consider when starting a new … [Read more...] about Types of Business Function
The Primary 4 Functions of Management – Planning, Organizing
Management sciences have proven its importance in every part of life no matter who you are, a worker at some organization or owner of the organization you must have a good knowledge about management in order to be successful. Because whoever you are managing is always a part of your job. It is also one of the main Characteristic of Entrepreneurs.Management is known as a process involving the responsibility of economical and effective planning and regulation of the operation of an enterprise to … [Read more...] about The Primary 4 Functions of Management – Planning, Organizing