What is assignment and delegation of contracts? Assignment is the transfer by one party of her right to receive performance from the other party to the contract. Delegation is the transfer by one party of her duties to perform under a contract. How do you Assign or Delegate a Contract?  The rights under a contract can be assigned or the duties deleg...

What are the sources of federal, state, and local law? The sources of law in the US System include: US Constitution and Amendments Federal Statutes & Common-Law Interpretations Federal Regulations Treaties & Executive Orders State Constitutions State Statutes & Common-Law Interpretations State Regulations Local Ordinances What is the hie...

What is the effect of mood and emotion on negotiations? Negotiations create and are affected by positive and negative emotions. For example, a cognitive assessment of a good outcome leads parties to feel happy and satisfied.  Positive emotions generally have positive consequences for negotiations. They are more likely to lead the parties toward more...

What is the Labor Force Participation Rate? The labor force participation rate (LFPR) measures the proportion of a countrys population that is active in the labor market. The rate examines the number of the working-age population that forms the active workforce of an economy. The section of a countrys working population that is measured by the labor...

What is a Demand-Supply Analysis? In a market economy, the level of demand and supply of all goods and services jointly determines the price level and quantity of that good (or service) in the economy. When to Use Supply Demand Analysis? The law of demand states that (with a few exceptions) as price rises, the quantity demanded of any good or servic...

What is a Statement of Cash Flow?  The statement of cash flow, or cash flow statement, details the enterprise's cash flow - the inflows and outflows of our cash.  This statement tells managers and owners what is happening with cash in the business. It reveals how cash is generated and from where. How is cash expend expended during a specific period ...

What are the common types of conflicts regarding the priority of security interests? The following types of security interest are often in conflict: Lien Creditors vs. Security Interest - A lien creditor who establishes an interest in a debtors property prior to perfection by another secured party has priority over that secured party. Depending upon...

What 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...

What does it take to convert from S to C corporation status?The decision to become an S corporation is nothing more than a tax election. Therefore, if the entity meets the requirements to be an S corporation, the act of converting to a C corporation is very simple. To begin the conversion process, more than 50% of the corporate shareholders must vot...

What is a Self-Regulatory Organization? An organization that has the power to regulate an industry, develop a profession, or has enforcement authority over an industry is referred to as a self-regulated Organization. A self-regulated organization (SRO) is a non-governmental organization whose regulatory authorities can exit in place of government re...