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What characteristics are common to all negotiations? Negotiations can vary greatly in their topics, objectives, and parties involves. Nonetheless, there are several characteristics common to all negotiations, discussed below. Parties A negotiation will consist of two or more parties; Conflicts, Disputes, or Misalignment of Interests The negotiato...
1 min reading timeWhat is the role or effect of legal regulation on ethics? Ethical values frequently become law and that legal regulation reflects ethical values. Ex. Civil Rights Act of 1964 Legal regulation is a significant source of values for business. At least five major ethical rules can be drawn from the law: Respect the liberty and rights of others. Act in g...
0 min reading timeWhat is a Burn Rate? Venture capital is spent by a new company for overhead finance prior to the generation of its operations positive cash flow is described as burn rate. This is the measurement of negative cash flow. Cash spent monthly is how burn rate is typically quoted. For instance, a company that spends $1 million per month would have a burn ...
1 min reading timeWhat is the Worker Adjustment and Retraining Act? The Worker Adjustment and Retraining Act (WARN Act) was passed to protect employee rights and interests in the event of large-scale layoffs as a result of operational closures by businesses (such as plant closure). What are the Requirements of the WARN Act? The law provides that covered employers mus...
3 min reading timeWhat is a Waterfall Payment Scheme? A waterfall payment is a payment scheme in which higher-interest loans or higher-tiered creditors receive payment before lower-interest loans or subordinate lenders receive payment. A waterfall payment is a payment (repayment) scheme under complex payment arrangements, it is used for multiple loan arrangement with...
0 min reading timeWhat is a Decision Tree? In a decision-making process, a decision tree is a graphical and statistical representation of the likely outcome of a decision. It is called a decision tree because is uses a tree-shaped diagram or a branching method to depict an action or a decision and also its likely outcomes. A decision tree serves a decision support to...
1 min reading timeWhat is a Buyback Ratio? Buyback ratio refers to the money that an organization pays to buy back its own common shares over the previous year divided by the market capitalization at the period when buyback starts. This ratio clearly helps in identifying and comparing the prospective effect of repurchase programs in several companies. Shareholders c...
1 min reading timeWhat is Hindsight Bias? The hindsight bias is an assumption that the outcome of an event was more predictable than it actually was prior to the event occurring. More specifically, it is a concept in psychology that explains the tendency to perceive the outcome of past events as more predictable than they were before their occurrence. Hindsight bias...
0 min reading timeWhat is a Hedge? A hedge means using a financial transaction to protect yourself against a risk from one of your investments (in this case, currency risk from the contract). What is a Hedge in Exchange Rates? Specifically, you can sign a financial contract and pay a fee that guarantees you a certain exchange rate one year from now—regardless of wh...
2 min reading timeWhat is the 8D Problem Solving Method? The 8D Problem Solving (Eight Disciplines) approach, also known as Ford 8D, Global 8D, or TOPS 8D, and create by Ford Motor Company, is a problem solving (process improvement) method that seeks to identify, correct and eliminate the recurrence of quality problems. The 8 Discipline approach is structured into ...
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