Accounting is based on the traditional concept of cost and revenue. Credits cards cost much more than other forms of credit, such as a line of credit or a personal loan, in case you are unable to pay them on time. Credit and debit cards have changed the way we live. Collect, comprise and analyze the recent data obtained from newspaper related to repo rates of credit control announced by reserve bank of india.
Yes, though it may pay cash to the contributors, the truth is this process needs a lot of money, time and land to set up a plant and run. How to evaluate the programme world health organization. Material and manufacturing planning system is one of the key essentials of a production plan. To make the monetary transactions more transparent. Hence within limits the issue of paper money comes very handy to the government at the time of dire need. To trace out the origin and development of plastic money. Shed light on the dynamics determinants, drivers and infrastructures underpinning the recent migration across, and loss of life in, the mediterranean, mapping the geographies, routes, and journeys of migrants arriving at europes southern border.
So far ive been sounding like a nice, pleasant bank executive who is convincing you to open an account. Introduction meaningdefinition needs types evolution of money merits and demerits conclusion referance. Debit cards are like digitized versions of checkbooks. Merits and demerits of observation in marketing research. There are different form of such cards available like the cash cards as well as the debit card etc it may also include the prepaid cash card. Pdf can be opened on any device with any operating system in exactly the same form in which it. We should wisely use it keeping all the below points in mind.
The acquirer thenforwards the chargeback to the merchant. Pdf is often associated with paperless office and used for printing and designing. The conclusion highlights the common problems that market makers in all of the countries faced, but it also emphasizes the differential successes and sometimes different paths and sequences of events that accompanied the development of card markets in the eight countries. This articles deals in general about the main merits and demerits of polymer money. The plastic is not porous which means they do not absorb moisture and dirty a huge benefit in hot, humid countries. A study on the importance and popularity of plastic money in. Hsc xii projects list commerce 12th std projects list.
It also analysed the current status and trends of plastic money in india. The evaluation will focus on assessing the extent to which the programme objectives have been met, and may have one or more aims. Plus point of plastic money is that you wont have to carry your cash around all the time. Secondary data meaning, its advantages and disadvantages. Workers participation is aimed at the following objectives. The plastic money can be in the form of credit cards or debit cards. The aims of job analysis is to always ascertain and record the jobrelated information of the employment measures like training, selection, payment and performance assessment. It is meant to the used in place of coins and banknotes for the purpose of making electronic payments of small amount fsa, 2001.
To study how plastic money is changing todays world. In the event of a chargeback, the issuerreturns the transaction to the acquirer for resolution. They help immensely, and many people couldnt imagine. To study the merits and demerits of plastic money based on experiences of people. Based on individualised instruction and study at the just right level, kumon seeks to improve the skills of each student and maximise their potential. But governments have always reneged on the deal and slipped the people counterfeit money. Study of merits and demerit of plastic money based on. Saves the time spent on repeated visits to the banks. Paper money also picks up dirt and stains more easily than plastic money.
Read this article to learn about the need, objectives, functions, advantages and disadvantages of packaging of products. Merits and demerits of qualitative and quantitative. The general conditions of observation may be controlled by selecting the group, special form of stimuli and the observers. The managers define the objectives while formulating plans. Materials and resource requirement planning objectives. Technology has changed the way we deal with money giving us more convenience and easy access to funds from anywhere. Plastic money its technical and monetary importance educba. Conclusion study merits demerits plastic money jobs. A study on the importance and popularity of plastic money. Underlying evilsthough it may look all trendy and flashy to own plastic money especially credit cards, you may be surprised to know, owning it is extremely harmful and risky as well. Partnership is an association of two or more persons to carry on a business and share its profit and loss among them. Questionnaires are really inexpensive when they are handled properly.
Plastic money is actually a term used for hard plastic cards which usually we use in place of real money or bank notes. We have now seen the merits of waste management in detail. How did all start, in history you might have learnt batter system where goods were traded for goods, then came an era where gold and silver coins came into being, then we modernized we stared using paper notes and coins for trading of goods and services. What are the advantages and disadvantages of money. Plastic money had fascinated me from a long time and i was curious to go into the details about its usage,this project gave me ample oppurtunity to do so. Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Simply by swiping your card, they say, you automatically spend more than you would handing over a wad of cash. Workers participation in industry improves relationship between workers and management and establishes better human relations.
To study the awareness and use of plastic money among the consumers 2. Producers have complete freedom to invest in any business or trade. This claim sounds bizarre, but theres research to back it up. What are the advantages and disadvantages of plastic money. Advantages and disadvantages of pdf format logaster. Advantages and disadvantages of management by objectives. It is not affected by extreme values hence is a good representative of the. Plastic money, unlike paper money, will not burn easily and can resist higher temperatures than paper money. These cards mainly just kept customers loyal to the company. Moreover, data gathered through observation are immediately recorded. Like everything, plastic money also has its own merits and demerits.
Gold and silver coins are accepted even by foreigners, as they have got some intrinsic value. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash. The main advantage of plastic money is that it avoids the necessity to carry huge cash and is also difficult to mutilate. Easy to handle it prevents to carry out heavy wallets, hence, reducing the chances of theft.
Opponents of credit cards argue that even if you always pay your balance in full and never pay a fee, paying with plastic still costs you money. All these lead to less bias on the part of observer while conducting. To explore how scammers take advantage of ordinary peoples. The data you acquire through this method should be quite enough such that you can create a job description out of it. The present study is an attempt to know about the demonization in india and its objectives and effects. Smart objectives and goals in the field of marketing and market research are for all those people who want to meet a specific goal. Advantages and disadvantages of partnership before moving towards the advantages and disadvantages of partnership, it is important to know what partnership. The term plastic money refers to the hard plastic cards which are used instead of actual bank notes. Visit the branch of any commercial bank and write a report on various functions performed by the bank.
Learn more about smart objectives and goals with examples and understand why you need to define clear objectives and goals and how it can help you save your time and reach your desired goals. Plastic money also keeps track of the transactions as they are incurred along. Developers set the goal to create a format that can be displayed and opened the same on any device. There is no need to carry big bulks of cash in the wallet.
The article discusses the objectives, advantages, disadvantages and implementation of materials and resource requirement planning. Plastic money definitely provides an alternative in some cases and compliments cash as a medium. A study on the importance and popularity of plastic money in aluva doi. To study the procedural aspect in the operation of plastic money. The banking sector is in a transactional mode towards a vibrant global. If you are clever, you can make use of the cards but not everyone can be clever. The key difference between quantitative and qualitative methods is their flexibility. Plastic bank notes are made from a polymer, and have many advantages over the traditional paper notes. Debit card, credit card, plastic money, paper money, transactions, and financial institutions introduction plastic money is a very recent context replacing the traditional concept of. Companyissued charge cards can be found as far back as the early 1900s. Business study notes is all about business education and business studies online. Read this article to learn about the aims, methods, merits and demerits of workers participation in management. Lenders like our credit card reliance and have cooked up many ways to help you get the most from your credit card.
Money one of the most important factor for living life. Advantages and disadvantages of sustainable development. Unbacked money has always collapsed within forty years. Fuel accounts for a very small portion of credit card purchases as these are largely paid through debit cards. Merits and demerits of plastic money based on experiences of. Job analysis is the process of collecting all the details like the duties, responsibilities and skills required for a particular job.
Visit us here to find free business notes and exams material of all the. Merits and demerits of plastic money based on experiences of peoples free download as word doc. The seven advantages of plastic money called as the credit. The advantages and disadvantages of different social. May 24, 2019 study of merits and demerits of plastic money based on experiences of people. Through this research, i came to know about so many new things about these lovely polymerized pieces. Please note a few points before we look at the disadvantages of plastic money. An analytical study on use of plastic money in india.
Will this change be for good or bad only the future will decide. Money is the yardstick for measuring profits and losses and financial health of the business operating results and financial position. So with this rapid increase in the usage of plastic money as compare to paper money, there involves various pros and cons with them. This growing trend will soon rise up to the point where the plastic money will completely replace the need for carrying cash. The foremost advantage of this system is that everybody enjoys economic freedom as one can spend ones income according to ones wishes. Study of merits and demerits of plastic money based on experience of people points. Dec 16, 2017 like everything, plastic money also has its own merits and demerits.
Such data are cheaper and more quickly obtainable than the primary data and also may be available when primary data can not be obtained at all. The usa is now in its 42nd year since nixon abolished gold backing, and is in the fifth year of a slow noisy collapse. When once goals are set up clearly, they act as incentives and standards for control purposes. Study objectives define the specific aims of the study and should be clearly stated in the introduction of the research protocol. The purpose of the present study also elucidates the impact of such a move on black money. The study also tries to find out the role of member establishments in the progress of plastic money in india. Peter, a young mba graduate joins a large software firm as a business development executive. A chargeback is an event in which money in a merchantaccount is held due to a dispute relating to the transaction. For example, cash cards, debit cards, credit cards, prepaid cards, and store cards. The money as medium of exchange played an important role by having put to an end the demerits of barter system.
To analyse the risk factor involved in the usage of plastic money and legal. Generally, quantitative methods are fairly inflexible. These cards can be used to buy things from the market. Questionnaires can be of different types, written, postal, telephone and many other methods. Now you can say that technology here means use of plastic money, plastic money can be your debit or credit card.
Plastic money is a term that is used predominantly in reference to the hard plastic cards we use everyday in place of actual bank notes. Even after a product is developed and branded, it is important to adopt strategies for other productrelated aspects of the marketing mix. Jul 06, 20 if the money is backed by something of value it is ok. So for those who are not well aware of the cards and its disadvantages should always be careful to avoid themselves being in trouble. Like conventional money, plastic money can function as a medium of exchange, a unit of account and a store of value. Summary and conclusion 193 the study has been made to know the spending habit patterns of consumers and why they are not adopting the plastic money in their daily lives. With a history of plastic money, you cannot ignore charge cards. Chargit chargit was the first actual bank card and was issued in 1946. Canadian money, actually, just recently switched to plastic a couple years ago. Charge cards laid the groundwork for debit and credit cards.
However, plastic money has its share of issues that one must be careful about. Chargebacks aretypically initiated by the cardholder. Demonetization of currency is a radical monetary step in which a currency units status as a legal tender is declared invalid. Debit and credit cards offer more than a way to access money without having to carry around cash or a bulky checkbook. Such policies vary from trade agreements to more extensive treaties in which individual member countries sacrifice part of their national sovereignty to a higher. Merits and demerits of qualitative and quantitative procedures psychology essay.
Workers participation in industry improves relationship between workers and management and establishes better human. Advantages and disadvantages of swot analysis your business. Aim and objectives the aim of the study is to evaluate the impact on environment that has occurred already with the following objectives. Business tesco has set out its own aims and objectives that they wish to achieve. Objectives of this study includes to examine the socioeconomic profile of the cardholders so as to ascertain the association of such factors with the use of debit cards and credit cards. They can come in many different forms such as cash cards credit cards debit cards prepaid cash cards instore cards 3. They can be cheaper than taking surveys which requires a lot of time and money. But if we observe the present day problems we find that money also played an important role in creating and promoting these problems. It all started with a simple credit card that allowed you to make purchases today and pay later. I would say that the main advantages and disadvantages of instalmet sales are that they cinsume your money and they let you pay for the things you cant afford or dont have all the money for. Mode is the term that occur most in the series hence it is not an isolated value like median nor it is value like mean that may not be there in the series.
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