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Internal Check – Cash Transactions Checking of all cash transactions should be given utmost importance because employees tend to involve in fraudulent activities by misappropriating cash and manipulating accounts in an organistion. Hence, the auditor should verify the system of internal check in operation with regard to cash receipts and cash payments, which is explained […]
Objectives of Internal Check The objectives of internal check are as follows: 1. Early Detection of Errors and Frauds: The main objective of internal check is to detect and prevent the occurrence of errors and frauds at an early stage. This is possible as the work of each and every person is independently checked 2. […]
INTERNAL CHECK Introduction In business concerns there are chances of misapporopriation and manipulation of accounts. In order to overcome such irregularities and to prevent or minimise the occurrence of errors and frauds, a checking system is designed to have a check on the irregularities. Such a check which operates continuously as part of the routine […]
Women Empowerment through Self Help Group In Tamil Nadu Women’s Empowerment Project, an IFAD supported project implemented through the Tamil Nadu Women’s Development Corporation was the first project in the country, around 1990, to incorporate the SHG concept into a State Sponsored Programme. Since then, SHGs have been associated with women. Why do they need […]
What are the types of MFIs in India? MFIs operate in a number of forms and shapes in India. Though each of them have different formation and work nature, they all provide financial help to the needy section of the society in the form of loans and other financial products. Here are the details of […]
Sources of Finance Available from Government Sector – Microfinance Loan, SHG, Government Schemes The Government of India has undertaken several initiatives and instituted policy measures to foster a culture of innovation and entrepreneurship in the country. Job creation is the foremost challenge with a significant and unique demographic advantage. India, however, has immense potential to […]
Tamil Nadu Catering Establishment Act 1958 It is an act to provide for the regulation of conditions of work in catering establishments and for certain other purposes in the state of Tamil Nadu. Meaning of Catering Establishment It means a restaurant or residential hotel and includes a restaurant or canteen attached to, or run or […]
Definition of minimum wage Minimum wage has been defined as “the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract. Objectives ☆To provide minimum wages to theworkers working in organized sector. ☆To […]
Various Acts Governing Food Establishments The Factories Act (1948) In India the first Factories Act was passed in 1881. This Act was basically designed to protect children and to provide few measures for health and safety of the workers. This law was applicable to only those factories, which employed 100 or more workers. The Recommended […]
How to obtain the FSSAI License? Submit the printout of the filled up online application form to the Regional / State Authority with all the supportive documents within 15 days from the date of making the online submission for the application to be considered. (ii) Liquor License If the food service organization serves liquor, then […]
Most importantly, the employer has to create healthier, safer working environments through training, outreach, education and assistance to the employees.
A food business/food service organization involves multiple activities, for instance, from manufacturing till sales. Food business also includes storing, retailing, distributing and transporting food and food products. The following categories come under food service organization / food business.
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
Marketing environment means the internal and external environment which affects a business operation. The internal problems which may arise in the catering operation may be in the Food and Beverage departments, employees and control of cash and pricing. External environment can be, Political, Economic, Demographic/ Social and Technical factors.
When a product is introduced in a market it passes through a series of stages and the concept from launching of product till it is withdrawn is called as product life cycle
Sales promotion is one of the elements of the promotional mix used to increase the sales of the products. Sales promotion can be done either through media or non-media marketing.
Marketing simply means selling or sale of a product or a service. Marketing is a societal process wherein products and services are exchanged for a value. In food business good quality food and excellent service has to be marketed in order to get profitable business.
Appraisal helps the supervisors to chalk out the promotion programme, decide compensation packages for employees help them to frame training policies and programmes, understand the validity and importance of the selection procedure ensure effective communication and also serves as a motivation tool.
Traits / Qualities of effective leadership To be able to provide effective leadership to his subordinates, a leader needs to have certain qualities. Some important qualities that a leader must possess are summarized i. Physical and mental vigour In order to work for sufficiently long hours a leader requires tremendous stamina and vigour. ii. Emotional […]
Motivation A good management will always try to motivate employees and provide a suitable work atmosphere. The productivity of food service operation is directly related to the motivation of the employees.Motivation is derived from the word ‘motive’. Motive is defined as an inner state of individuals’ mind that activates and directs the behaviour. Motivation refers […]