What is an A Fortiori Analysis? A Fortiori analysis is an analysis done to deliberately favor other sets of solutions when compared to that which has already been declared to be the best. It helps one to extensively compare the benefits and limitations of other existing alternative solutions to be able to identify the one which is much better. If af...

What is Amplitude? Amplitude is a measure of a change in a variable over a period of time, it also measures the degree of difference between the extreme values of a variable. In the context of securities or asset. Amplitude is the measure of the difference in the price of a security over a period of time. There are different definitions of amplitude...

What is the Auditing Standards Board? The Auditing Standards Board (ASB) is saddled with the responsibility of communicating audit standards that practitioners are expected to live by. ASB is a senior committee member of the American Institute of Certified Public Accountants (AICPA). This board serves public interest through auditing, attestation, a...

What is Business Strategy? Strategy is a firm's orientation, objectives, and tactics employed in pursuit of its objectives or goals. A strategic plan is how these attributes are organized or aligned. Strategies can be applied generally to the firm's value proposition or to any objective or goal within the firm. Porter's Generic Strategies identify h...

What is the Internal Factor Evaluation Matrix?  The Internal Factor Evaluation Matrix is an analytical technique used to evaluate the strategic position of a firm based upon internal strengths and weaknesses. It is very similar to a SWOT analysis, but with numerical weighting of factors.  What is the External Factor Evaluation?  The External Factor ...

What is an Adhesion Contract? An adhesion contract is defined as a one-sided, "take-it-or-leave-it" contract drafted by one party and then signed by another. The party writing the contract usually has more bargaining power than the one signing. The signing party has only two options: accepting the contract or reject it - there is no room for negotia...

What is an Industry Classification Benchmark? The Financial Times Stock Exchange (FTSE) and Dow Jones in 2005 created the Industry Classification Benchmark (ICB). It is a type of market classification for stocks that allow investors to compare economic trends. The FTSE totally belongs to the London Stock Exchange. The system is being used internatio...

What is a Double Column Tariff? A Double Column Tariff is a tariff system which has two different duty rates for a particular product. Here, the import tax on the product depends on the country of its origin. The rate is assessed by the importing country's trade relationship with the exporting country. Depending on that relationship the tariff may b...

What is a Certified Public Accountant (CPA)? A Certified Public Accountant (CPA) is a professional designation given by the American Institute of Certified Public Accountants referring. It is given to accountants who pass certifying exams and meet the applicable state requirements to become a licensed. What is Required to be a Certified Public Accou...

What is Global Management Perspective? Global perspective concerns ones attitude and disposition toward foreign attitudes, beliefs, values, and practices.  Types of Global Perspectives for Managers Some types of global perspective and attitude toward global management include: What is Parochialism?  This concerns ones tendency to view things narrowl...