What are Basic Human Needs? Definition: Basic human needs are defined as the drivers of people’s actions or the wants of people for living a…
Awareness – Definition, Meaning and Examples
Awareness is a state of mind where one has the consciousness of a particular situation or thing. It can also be understood as the ability…
Bonds vs stocks – Key Differences, Pros and Cons
In this article on Bonds vs stocks we do a comparative analysis between stocks and bonds for investors to find out the differences in their…
Brain Drain – Definition, Types, Factors and Reasons
Brain drain is the situation when skilled human resources migrate on a large scale to more developed countries for better opportunities, career growth, higher salaries,…
Who is a Branch Manager? Roles, Responsibilities and Skills
A branch manager is a professional in charge of a unit or division of a large corporation, financial institution, or bank. According to the definition,…
Branch Banking – Definition, Functions and Examples
Branch banking is a system in which a bank delivers banking services through an extensive network of branch offices. Account-holders can choose a nearby branch…
Boomerang Effect – Definition, Theory and Examples
The boomerang effect is the opposite or negative outcome of an attempted attitude change. It occurs when you receive the unintended consequence of your effort…
Bonded Warehouse – Definition, Types and Advantages
A bonded warehouse is a secured place for imported goods (known as bonded goods) or duty payable goods for storing them closer to foreign customers…
Blue Chip Stock – Definition, Meaning and Examples of Top Blue Chip Companies
Blue Chip stock is the stock associated with some of the top-rated, well-established companies. These are companies that have come across several hurdles and are…
Bonus – Definition, Importance and Types
A bonus is a financial compensation that is paid as an additional amount along with what is due. It is the appreciation money that is…
Bottom-up Budgeting – Definition, Advantages, Disadvantages and Tips
Bottom-up budgeting is a type of financial budgeting in which a company lets individual departments set their own budget estimates. The top management then reviews…
Bill of Materials (BOM) – Definition, Example, Types and Benefits
Bill of materials is a detailed list of raw materials, sub-assemblies, intermediate assemblies, drawings, documents, and instructions required to manufacture, fabricate, or repair an end…
Bill of Sale – Definition, Importance, Types and Examples
Bill of sale is the legal documentation between a buyer and a seller about transferring the ownership of the sellers’ possessions in exchange for cash…
Bill of Quantities (BOQ) – Definition, Purpose, Steps and Standards followed
Bill of quantities is a document that consists of the measured specific amounts of the required items for a project, based on the drawing and…
Bill of Entry (BOE) – Definition, Purpose, Who can Apply, and Elements
Bill of entry is legal documentation offered by the importers or the custom clearance agents at the time of arrival or before the arrival of…
