Theory of work-motivation was propounded by Herzberg. The two-factor theory (also known as Herzberg's motivation-hygiene theory and dual-factor theory) states that there are certain factors in the workplace that cause job satisfaction while a separate set of factors cause dissatisfaction, all of which act independently of each other.
Esteem needs are also called as ego needs. Esteem needs refer to the need for respect, self-esteem, and self-confidence. Esteem needs are the basis for the human desire we all have to be accepted and valued by others.
The management function which regulates the activities
Control is a fundamental managerial function. Managerial control regulates the organizational activities. It compares the actual performance and expected organizational standards and goals. For deviation in performance between the actual and expected performance, it ensures that necessary corrective action is taken.
Cost volume profit analysis is otherwise called as
Cost volume profit analysis is otherwise called as break even analysis. Break-even analysis is a technique widely used by production management and management accountants. It is based on categorising production costs between those which are "variable" (costs that change when the production output changes) and those that are "fixed" (costs not directly related to the volume of production).
A statement which reflects future incomes and expenditure
Budget is a statement that reflects future incomes and expenditure. The budget statement is an estimate of revenues and expenses predefined for a specified period. It reflects the company's future financial conditions and helps to achieve financial goals.