MISCONCEPTIONS ABOUT DEPRECIATION Depreciation is an annual deduction that businesses can claim for the cost of fixed assets, such as vehicles, buildings, machinery, and other equipment.  According to the tax law, depreciation is defined as a reasonable deduction for the wearing down and/or obsolescence of these fixed assets. It is […]

THE ELEMENTS OF DECISION MAKING Decision making is a vital component of business success. Decisions that are based on a foundation of knowledge and sound reasoning can lead a company into long-term prosperity; conversely, decisions that are made on the basis of flawed logic, emotionalism, or incompetent information can quickly […]

EMPLOYEE BENEFITS AND SMALL BUSINESS Employee benefits encompass a broad range of benefits – other than salary – that companies provide to their employees. Some of these benefits, such as workers’ compensation, social security, unemployment insurance, are required by law.  The majority of benefits offered to employees, however, are bestowed […]

THE EVOLVING CHARACTER OF FACILITY MANAGEMENT t Hu Facility management is defined as the coordination of the physical workplace with the people and work of an organization. It integrates the principle of business administration, architecture, and the behavioral and engineering sciences. In the most basic terms, facility management encompasses all […]

ELEMENTS OF COMPETITIVE ANALYSIS Competitive analysis is the practice of analyzing the competitive environment in which your business operates (or wishes to operate), including strengths and weaknesses of the business with which you compete, strengths and weaknesses of your own company, demographics and desires of marketplace customers, strategies that can […]

CLOSELY HELD CORPORATIONS Closely held firms are those in which a small group of shareholders control the operating and managerial policies of the firm. Over 90 percent of global businesses are closely held. These firms defer from most publicly traded firms, in which ownership is widely disbursed and the firm […]

Chief Editor

Johny Watshon

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