Kuye Olusegun

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04 Apr 23

TIME VALUE OF MONEY

The time value of money (TVM) is the idea that money available at the present time is worth more than the same amount in the future due to its potential earning capacity. For example, the idea that one naira today is worth more than one naira in the future, because…
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04 Apr 23

TIME RELATED VALUE

Conditions in a given market or general economic conditions are normally subject to variety of changes. At times, these changes are volatile. The flux of ups and downs is constant. But during a given period of time the changes go through a sort of pattern (either up or down).
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04 Apr 23

TEST OF PROFESSIONAL COMPETENCE

Before someone can be elected and subsequently recognised as a corporate member of NIESV, such an individual must pass “Test of professional competence”. The word ‘competence’ means ‘the quality of being adequately or well qualified physically and intellectually’ (WordWeb Dictionary).
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04 Apr 23

TIME RELATED VALUE

Before someone can be elected and subsequently recognised as a corporate member of NIESV, such an individual must pass “Test of professional competence”. The word ‘competence’ means ‘the quality of being adequately or well qualified physically and intellectually’ (WordWeb Dictionary).
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04 Apr 23

TERMS OF REFERENCE (TOR)

The definitions of Terms of Reference (TOR) obtained from the World Wide Web include the following: • Terms of reference sets out the parameters within which authority is delegated to sub committees, standing groups, advisory panels, etc., and specify how the group is accountable (www.diycommitteeguide.org).
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04 Apr 23

TENANCY

Tenancy can be defined in any of the following ways: • A habitation held or occupied by a tenant. • Possession or occupancy of lands, buildings, or other property by title, under a lease, or on payment of rent.
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04 Apr 23

SWOT ANALYSIS

SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favourable and unfavourable to achieve…
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04 Apr 23

SUPERVISION

The supervisor is taking responsibility for the supervisee's job performance, and is deciding what they should be doing, when and how. The supervisor is not just accountable for a person's actions and managing their workload and remit, they are also helping them reflect and develop.
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04 Apr 23

SUBJECT TO CONTRACT

The use of the words subject to contract in an agreement will, except in a very strong and exceptional case, prevent an implied binding contract from arising on the basis that the phrase is used to indicate that until a formal contract is executed, the parties do not intend to…
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04 Apr 23

STRATEGY

Johnson and Scholes in Riley (2015) defined strategy as “the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations”. In other words, strategy is…
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