After reading this article you will learn about the size of units in important industries of India:- 1. Cotton Textiles Industry 2. Jute Industry 3. Cement Industry 4. Paper Industry 5. Sugar Industry 6. Coal Industry 7. Iron and Steel Industry. Cotton Textiles Industry: A mill with not less than 1,000 looms and 35,000 spindles may be reckoned as an [...]
Management and Accounting have been closely associated for a long time. Historically, the functions of accounting have been to record, analyze, and report the results of business operations in various units of measurement, such as rupees, units of production, standard hours and kilowatts. With such information, management can: (1) Plan future operations, (2) Control key variables, (3) Decide among alternative [...]
After reading this essay you will learn about:- 1. Definition and Concept of Management Science 2. Historical Development of Management Science 3. Characteristics 4. Tools. Definition and Concept of Management Science: Management Science (MS) can be defined as: "A problem-solving process used by an interdisciplinary team to develop mathematical models that represent simple-to-complex functional relationships and provide management with a [...]