Keynes does not base current consumption on income of the preceding period (or periods). In his theory, it depends upon the expected income in the forthcoming period.
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The stationeries are to be bought in right quantity at right time because over-purchase of stationery is dangerous to the firms. For example, the purchase of carbons, inks in large quantity is dangerous because these are dried out when stored for a long period.
The word span of control denotes maximum number of subordinates managed effectively by a supervisor. The number of subordinates reporting directly to a single manager who is accountable for their activities is called span of control.
"A man's legs should be long enough to reach the ground and no longer." This statement reveals that delegation cannot be undertaken to an unlimited extent and there are certain limits to delegation. The following points are to be kept in mind while determining the extent of delegation:
Composition of a compound is commonly expressed as the mass percentage of each element present in it. To determine the mass percentage of an element in any compound.
The percentage composition of a compound means the mass percentage of each element present in the compound. The mass percentage of each element can be determined from the molecular or empirical formula…