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What is the Last-In-First-Out (LIFO) Accounting Method? LIFO (Last-in First Out) is an asset-management and inventory accounting method. Per this system, the assets (inventory) received or manufactured last are the first to be sold. Older inventory is sold only after the newest inventory is sold. Remember, this is a designation for accounting. The a...
1 min reading timeWhat is Performance Based Vesting of Stock Options? Vesting is a time bound stock ownership plan that allows employees, directors, owners, and entrepreneurs to acquire equity in the firm they're working for. The Vesting Plan decides how and when the owners and employees gain access to or keep their shares. Introduction of a performance based criteri...
1 min reading timeHow to Negotiate Salary and Benefits Negotiation is more of an art than a science. Nonetheless, there are numerous structural elements that you can practice which will make you a better negotiator. These steps generally allow you to take a structured approach to the negotiation process. When negotiating employment benefits, those steps are as foll...
7 min reading timeWhat is a Point-of-Service Plan? A point-of-service (POS) is an organized health care plan that offers varieties of benefits to policyholders. A POS is health insurance that lowers medical costs for policyholders. This type of health plan combines the features of the Health Maintenance Organization (HMO) and the Preferred Provider Organization (PPO)...
2 min reading timeWhat is Integrative Thinking? Integrative Thinking is a decision-making approach that allows for the development of creative solutions rather than merely choosing the best solution from a list of alternatives. Integrative thinking seeks to eliminate barriers to creativity (fed by rational analysis) and think of new, not yet explored, ideas by drawi...
1 min reading timeWhat is the Bank for International Settlements? The Bank for International Settlements (BIS), also referred to as the "central bank for central banks", is an international financial institution that provides banking services to both local and international organizations such as the European Central Bank and Federal Reserve. It seeks to promote inter...
0 min reading timeWhat is an Acceleration Clause? An acceleration clause is a contract provision that permits a lender to demand an entire amount owed on a loan when the borrower breaches a loan agreement. Acceleration clause or contract commonly occur in real estate, mortgages, and other loan or debts agreement. Basic criteria for repayment of loan are usually outl...
1 min reading timeWhat is Loose Monetary Policy? Loose monetary policy aims to stimulate an economy by lowering interest rates. What is Tight Monetary Policy? Tight monetary policy aims to slow down an overheated economy by increasing interest rates. Factors of Monetary Policy The federal funds rate is used as a base rate throughout global economies. It refers to th...
1 min reading timeWhat is the International Monetary Fund (IMF)? The International Monetary Fund (IMF) is similar to an international bank with the underlying purpose of fostering global monetary policy, commerce, and trade. The intended result is to increase employment levels, drive economic growth, and reduce poverty. The mission of IMF according to its website is ...
2 min reading timeWhat is Productivity in Economics? In economics, productivity calculates output per unit of input, like capital, labor, or any other resource and is usually calculated for the economy as one, as a gross domestic product (GDP) ratio to hours worked. Labor productivity might be further divided by sector to evaluate trends in wage levels, technological...
3 min reading time