Controller – Explained

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

What is a Controller?A controller refers to an employee or an individual in a company that manages the finances and accounting activities of the company. A controller is often in charge of all accounting and financial activities of a company, a controller can also be...

Interest (Debt) – Explained

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

Update Table of Contents What is Interest on Debt?How Does Interest Work?History of Interest RatesDifferent Interest RatesInterest Rates and Credit ScoreLow Interest Rate Environments What is Interest on Debt?Interests refer to the amount that a lender charges a...

Common Carrier – Explained

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

What is a Common Carrier?A common carrier refers to an individual or company that engages in the commercial transportation of goods and people for a fee.  Waste removal companies, trucking companies, couriers, towing service companies, taxi services, and freight...

Perceived Value – Explained

by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing

What is Perceived Value?Perceived value refers to the perspective or opinion of a customer towards a product or service which is often influenced by how the goods and services met the needs and expectations of the customer. Where Does Customer Perceived Value Come...

Physical Presence Test – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is the Physical-Presence Test?In the United States, the Internal Revenue Service (IRS) find out whether a taxpayer is eligible for the foreign earned income exclusion using the physical presence test. The physical presence test is often done for taxpayers who are...

Boot (Taxation) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is Boot for Tax?In business, boot refers to a situation in the exchange market whereby an item, property or money is added to an exchange to make the value of traded goods exact. When cash is added to an exchange to equate the value of the traded goods, it is...

Code of Ethics – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility

What is a Code of Ethics?A code of ethics or ethical code refers to a set of guidelines, standards, and principles that a company adopts and that must be adhered to by its workers. Where Do Codes of Ethics Come From?Codes of ethics are often determined by the trade...

Appropriation – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles

What is an Appropriation? Appropriation refers to an of allocating or appropriation of money for a particular purpose. Appropriation can occur in different situations, individuals, companies or governments can appropriate capital for a specific purpose. Appropriation...

Monopoly (Economics) – Explained

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

What is a Monopoly?A monopoly is a term used to refer to a market structure, where one entity, like a company, dominates the market with its products or services. Monopoly comes into existence when there is extreme free-market capitalism. In free-market capitalism,...

Volatility – Explained

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

What is Volatility?Volatility in finance refers to the degree at which the security’s price in the market moves up or down for a certain period of time. To measure volatility, you can use the variance or the standard deviation between returns from either the...