Importance of Multinational Corporations The Multinational Corporations have been observed as the instrument of development in the developing states for example National Petroleum Construction Company NPPC has been awarded contract of laying transmission line in Kuwait. Following are the important advantages of MNCs. Globalization The first …
In the World’s 100 largest economic entities twenty nine 29 are Multinational Corporations (MNCs). Among these entities, Exxon Mobile is on 45th which is sandwiched between the economies of Pakistan and Chile. Multinational Corporations MNCs have grown faster than national economies in recent years in 1990 …
Special terms are used when describing something in accounting. When resources put into business by the owner are called Capital or Owner Equity. Actual economic resources owned by the business are called assets. Owner supplied the resources, the accounting equation will be: Capital = Assets Besides …
Definition of Law of Property The term property is commonly used for the objects over which the right of ownership extends. In other words, property may be described as any object, which is owned. As the term property is not a term of art thus it …
Definition of Interpretation of Law Salmond defines interpretation “Interpretation or construction is the process by which the courts seek to ascertain the meaning of legislation through the medium of the authoritative form in which it is expressed.” Kinds of Interpretation of Law There are two kinds …
Codification of Law Meaning In dictionary meaning code is a systematic collection of statutes, body of law, so arranged as to avoid inconsistency and overlapping. In fact, codification is the systematic process and reduction of the whole body of law into a code in the form …
There are two kinds of legislation Supreme Legislation Subordinate Legislation 1. Supreme Legislation Supreme legislation is the expression of the legislative will of a supreme authority in a state. It is supreme because no authority can annul, modify or control it. It proceeds from the sovereign …
What is Legislation The term legislation is combined word which is derived from two Latin words, legis meaning law and latum meaning to make, put or set. Thus legislation means the making or the setting of law. Definition of Legislation According to Gray Legislation is the …
Employee diversity can improve organizational functioning by stimulating: Greater Creativity Better Problem Solving Greater System Flexibility 1. Greater Creativity Employee diversity can stimulate consideration of less obvious alternatives. Take the example of a Hispanic man and a white woman advising the CEO on a planned organizational …
