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What is the Federal Energy Regulatory Commission? The Federal Energy Regulatory Commission (FERC) is an administrative agency of the US Government. It regulates the rates and transmission of energy (electricity, natural gas, and oil) nationally, including the development of facilities and infrastructure. FERC is an independent agency and is not unde...
0 min reading timeWhat are the limitations on importing goods into the United States for sale? Below are the primary laws governing the importation of commercial goods. What is the The Customs Modernization Act (CMA)? The CMA, a part of NAFTA, requires importers to declare attributes of imported goods with the Customs and Border Protection Agency (CBP). Typically, w...
1 min reading timeWhat are the requirements to qualify as an S corporation? To qualify for S-Corporation status, the business must be a corporation and meet the following requirements: Geography - Organized in the United States. Citizenship - All shareholders must be US Citizens or resident aliens. Number of Shareholders- It cannot have more than 100 shareholders. No...
2 min reading timeWhat is Absolute Title? Absolute title or perfect title is the best kind of property title a registered proprietor or owner can have. It represents that the ownership interest is independent and free from lien, judgment, or attachment. In law, business, and real estate, a property title search is a way of identifying ownership interests or historica...
2 min reading timeWhy Does a Business Need to Have a Registered Agent in Delaware? In every state in which a business organizes or registers to do business, the company must designate a registered agent in that state. For example, the Delaware Code states that "every corporation shall have and maintain in Delaware a Registered Agent," per section 132(a) of the Delawa...
1 min reading timeWhat is Minimum Efficient Scale? Minimum efficient scale refers to the lowest point on the long-run average cost curve where the firm can achieve economies of scale. How to Determine the Minimum Efficient Scale When it comes to classical economies, MES is the lowest production point where long-run average costs (LRATC) is minimized. LRATC represen...
2 min reading timeWhat is the London Stock Exchange? The London Stock Exchange (LSE), started more than 300 years ago, is based on the Antwerp Bourse's model. In 1571, Queen Elizabeth I of England officially opened this exchange. In October 2007, a successful merge happened between Milan Stock Exchange (Borsa Italiana) and the London Stock Exchange which led to the c...
0 min reading timeWhat is the Buying Power Index? The Buying Power Index is a tool used by retailers to assess the purchase power or buying power of a region over another. When retailers have the opportunity of selling their products in different locations, before selecting which location is most profitable, they use the buying power index. This will help determine t...
2 min reading timeWhat is CARICOM? Caribbean Community and Common Market (CARICOM) is an organization formed by twenty countries in the Caribbean region for promoting economic integration and mutual cooperation among its member countries. What is the History of the Caribbean Community and Common Market? The CARICOM was formed in 1973 for developing a coordinated eco...
3 min reading timeWhat is an Absolute Performance Standard? An absolute performance standard refers to a gauge used in evaluating the performance of businesses and employees. It serves as a model standard and seeks to measure how well an organization is performing and how employees are also faring working towards the goals of the organization. Standards should also b...
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