What is Market Size? Market size is likely the most important factor in the feasibility analysis. Without a sufficient market size, the idea may not be able to create the amount of desired value. Market size is generally measured in one of two manners the total number of buyers or sellers in the market, or the total value of transaction within a giv...

What are Intermediate Goods? Intermediate goods are those that in the construction or development process prior to becoming finished or final goods. Further, intermediate goods have undergone some form of transformation from being simply raw materials.  What are Final Goods? Final goods are those that have completed the manufacturing process and are...

What is a Supply Chain?  A supply supply chain, also known as a "Supply Network", is a pattern of temporal and spatial processes carried out at facility nodes and over distribution links, which adds value for customers through the manufacturing and delivery of products.  It comprises the general state of business affairs in which all kinds of materi...

What is Underinsured Motorist Coverage? Underinsured Motorist Coverage provides the financial coverage to property and bodily damage caused by a vehicle driver who has insufficient auto insurance on their own. It provides the injured parties with compensation above the limit of the at-fault party's policy. Generally, a nominal cost is added to an au...

What is Depreciation Recapture? Depreciation Recapture is a procedure by the Internal Revenue Service (IRS) to collect taxes on property that has been depreciated and is later sold for a gain. More specifically, it requires the businesses to report the gain realized from the sale of a depreciable capital property as an ordinary income and not as a c...

What is a Forensic Audit? A forensic audit is an accounting term that refers to the process of gathering and tracking of forensic evidence for use in a court of law to prosecute criminal deeds. Criminal actions usually involve things such as fraud or fund embezzlement. Another term for forensic audit is forensic accounting. How is a Forensic Audit U...

What is Acquired Needs Theory? Acquired needs theory, also known as McClelland's Needs Theory, Three-Needs theory, Achievement Motivation Theory, or Learned Needs theory, is a theory that is based on the notion that people's needs are acquired as they live their lives or through experiences of life. The needs are derived from the reaction to the sti...

What is Human Relations Theory?  Human Relations Theory is a management theory that focuses on the individuals needs and resultant behaviors of individuals and groups in an organization.  How Managers Use Human Relations Theory Individuals within the organization interact to make up a type of social systems. This system should be managed to create i...

What is the International Monetary Fund (IMF)? The International Monetary Fund(IMF) is an international organization with 189 member countries, formed with the objective of promoting international trade and commerce, employment, sustained economic growth, financial security, and reducing poverty across the globe. It functions like a bank that formul...

What is the Hang Seng Index? The Hang Seng Index, abbreviated as HSI, is an index of the largest companies traded on the Hong Kong Exchange. The breakdown of the index is weighted based upon the market capitalization of the underlying companies. Each underlying company is sub-categorized into commerce and industry, utilities, finance, and properties...