What laws govern solid waste disposal? The Solid Waste Disposal Act (SWDA) was the first major federal law directed at waste disposal. It recognizes the potentially negative health and environmental consequences associated with certain waste disposal practices. The SWDA provides waste management standards for municipal and industrial waste, promotes...

What is Consumer Recall? Aided and Unaided Recall are market research techniques used to test the effectiveness of brands, advertisements and commercials. What is Aided Recall?  Respondents are asked certain questions to learn whether they are familiar with a particular company, brand, slogan, product or service. In aided recall, consumers are given...

What is Islamic Banking? Islamic Banking refers to a system of financial management that is guided by the principles of Islamic rules. Banking in Islam is a framework of saving money governed by Islamic law standards, also known as the Sharia law. The two fundamental concepts of Islamic banking is the prohibition of interest (riba) collection and pa...

What is a Co-Tenancy Clause? A co-tenancy clause refers to a provision in a retail lease contract that permits tenants to reduce their amount of rent if a number of tenants leave the rental space. Some tenants are known to attract more traffic, especially in malls. It is the reason why some tenants may decide to have their businesses in this locatio...

What is an Inefficient Market? According to the efficient market theory, an inefficient market refers to any market setting where the price of an asset doesnt actually represent its value. The Efficient market theory, which is also known as the efficient market hypothesis (EMH) states that the value of an assets is replicated in its price when it is...

What is Retargeting? Retargeting is a digital advertising campaign strategy that puts your advertisements in front of the potential customers who have already visited your website. Statistics show, 96-98% of customers leave a website without taking any action or abandoning the cart. That means only 2-4% of the traffic converts to the real customer o...

How Do I Set Up A Business Entity? Once the decision is made, properly setting up a business entity requires a great deal of effort. Below we provide the primary steps involved in setting up the entity and preparing it to accomplish the startups objectives.  Note: Recall that a sole proprietorship and partnership may arise by the default actions of ...

What is Comply or Explain? Comply or explain is a regulatory mechanism used in the United Kingdom as part of the codes of cooperate governance. The comply or explain principle stipulates that corporations should company with the Corporate Governance Code (also called Code) or explain reasons why they do not comply. The principle of comply or explain...

What are sales and use taxes? Sales taxes are assessed to purchasers of products from commercial sellers. Use taxes are assessed when purchasing goods from a separate jurisdiction that charges less than the applicable use tax rate.  Each is discussed below. What is Sales Tax? Businesses that sell any sort of good are subject to sales and use tax. Sa...

What is the Internal Revenue Code? The US code of statutes Title 26 is commonly referred to as The International Revenues Code (IRC) or Tax code. It is simply the consolidation of the US permanent laws. This group of laws touch on incomes, gifts, sales, payroll, and excise taxes and are implemented by the Internal Revenue Service. IRS is also mandat...