Internal Audit – Explained

by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting

What is an Internal Audit?Internal audit is an independent, objective, and consulting activity that improves and adds value to the operations of an organization. It ensures a systematic, disciplined approach for improving and evaluating the risk management...

Intermediate Good – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is an Intermediate Good?Intermediate goods refer to items or materials that are final products, but they can be used to process other consumer goods. Intermediate goods can be resold to manufacturers so that they can use them to produce other goods. A good...

Constitutional Economics – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is Constitutional Economics?Constitutional economics is the study how constitutional law and interpretations constraint actions and choices by individuals. More specifically, constitutional economics investigates the state constitutional law constrains individual...

Financial Industry Regulatory Authority – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is the Financial Industry Regulatory Authority?The Financial Industry Regulatory Authority refers to a self-regulatory organization in the United States that regulates businesses in public investment, such as exchange markets and brokerage firms. FINRA is a...

Cash on Cash Return – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is Cash-on-Cash Return? A cash-on-cash return is a financial metric used to calculate cash income earned on the sum of cash invested in property of a company. It allows the cash flow assessment from the income-generating assets of a company. Cash on Cash Return =...

Private Letter Ruling – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is a Private Letter Ruling?A private letter ruling refers to a written statement that the Internal Revenue Service (IRS) issues to taxpayers in response to their request for interpretation of some of their specific complex tax situations. In other words,...

Private Export Funding Corporation – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is the Private Export Funding Corporation?How Does the Private Export Funding Corporation Work? What is the Private Export Funding Corporation?The private export funding corporation, also known as PEFCO, is a private-sector for financing...

Captive Fund – Explained

by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets

What is a Captive Fund?A captive fund is a type of investment created specifically for workers in a company. And this type of investment can also be created by companies as an investment to fund other investments or startup companies or small businesses that are...

Expenditure Method (GDP) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy

What is the Expenditure Method?This expenditure method states that expenses of the government, private and public firms sum up the GDP. These indices contribute to the overall value of all finished goods and services over a period of time. In other words, the...

Asset Acquisition Strategy – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is an Asset Acquisition Strategy?An asset acquisition strategy seeks to achieve growth or expansion through the purchase of other companies or their assets. This is an inorganic growth strategy. Related Topics Organizational Strategies Growth-Based (Expansion)...