What is Kaizen? Kaizen is a fundamental approach to creating continuous improvement. It is founded on the idea that small, ongoing, positive transitions can reap significant improvements in an organization. Kaizen is based on cooperation as well as a commitment - as it stands in contrast to various approaches that apply radical changes or top-down e...

What is Revenue?  A revenue in its basic form is a resource generated from a company's earnings activity. Really revenues are just what we earned If we earn it, it's a revenue. When Do We Earn Revenues?  The revenue recognition principle states that we earn revenue when we deliver the product or service or when the product or service is rendered. If...

Are all issuers of securities required to comply with state blue sky laws? Generally, no. In 1996, Congress passed the National Securities Markets Improvement Act (NSMIA) with the purpose of simplifying the registration process for issuers of securities. The NSMIA preempted any state regulation of certain covered securities. Covered securities inclu...

What is New-to-Export? New-To-Export is a term used for describing the enterprises that are new in the export business. Companies enter the export business to gain access to new markets and customers. There are certain rules required to be followed while sending a shipment abroad. The new-to-exports businesses often find it difficult to understand a...

What is a Defined Contribution Plan? It is a retirement benefit plan where the employees make a contribution each month until retirement to fund their retirement plans. For individual accounts set up for this plan, employees contribute a fixed percentage of their monthly salary to fund this account. The employers may also contribute a matching porti...

What are the major employment laws? There are many federal and state employment laws. Federal laws controlling a particular type of employer conduct set minimum standards for conduct. States may pass laws that place additional requirements on employers, so long as these laws do not conflict with or hinder the execution of federal laws. That is, if n...

What is Venue? Venue is the physical location (within the state or federal circuit) where the trial is conducted. More discuss on Venue below. How to determine the appropriate  Venue? A state may contain more than one federal courthouse.  Further, states generally have courthouses located in every county, district, or precinct within the state.  Onc...

What is the Subjective Theory of Value? The subjective theory of value stems from the belief that the value of an object lies in how much people desire or need the object and not determined by the inherent qualities of the object. Carl Menger and Eugen von Boehm-Bawerk and other economists and thinkers of the 19th century developed the subjective th...

What are Automatic Stabilizers? Changes in tax and spending levels can also occur automatically, due to automatic   stabilizers, such as unemployment insurance and food stamps, which are programs that are already laws that stimulate aggregate demand in a recession and hold down aggregate demand in a potentially inflationary boom. Related Topics What...

What is a Foreign Tax Credit? The foreign tax credit refers to a credit that individuals who pay taxes to foreign government receive from the Internal revenue Service. This tax credit is a means of preventing individuals from paying double taxes on income, earnings or investments whose taxes have been collected by a foreign government. The tax credi...