Inside Sales – Explained

by TheBusinessProfessor | Feb 23, 2025 | Sales

What is Inside Sales?Inside sale refers to the sale of either products or services by individuals who contact customers via email, phone, or the internet. Other ways of defining inside sales include virtual sales or remote sales.How does Inside Sales Work?Inside...

Two-Way ANOVA – Explained

by TheBusinessProfessor | Feb 23, 2025 | Research, Quantitative Analysis, & Decision Science

What is Two-Way ANOVA?A two-way ANOVA is a one-way ANOVAs extension, a statistical test used to examine the effect of two different variables on one continuous dependent variable. Besides assessing the main effect of each independent variable, ANOVA also assesses to...

Material Participation Test – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is the Material Participation Test?Material participation tests refer to a criterion set by the Internal Revenue Service (IRS) used to evaluate whether or not a business is a passive activity. The activity may include something like a business, trade, or any...

Communicating Through Business Presentations

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is a Business Presentation?A Business presentation is a means of exchanging info for decision-making and policy developing, relating the benefits of the services offered and sharing our goals, values, and visions. Formal Presentations Allow time and planning. Ex....

Communicating through Speeches – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

Organizational Approach in Writing Speeches Topic – Choose a topic that sparks your interest. Purpose – Other than informing, you also need to find a goal for your speech. Decide what do you want to accomplish by making this speech. Audience – Think...

Property Tax – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is Property Tax?Property tax refers to a tax levied on real estate property by the local government authority where the property is domicile. It is an ad-valorem tax that a property owner pays to the local government, this tax is assessed based on the value of...

Project Management – Explained

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

What is Project Management?Project management refers to a process of initiating a project, planning, executing, and managing the project until it is fully completed. It entails applying specific methods, skills, procedures, and knowledge to the execution of a...

Useful Life (Asset) – Explained

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

What is Useful Life?Useful life is a term that can be applied to asset, whether long-term assets or short-term assets. The useful life of an asset refers to the period of time during which the asset was used for the intent it was purchased. This is the estimated...

Capital Commitment – Explained

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

What is a Capital Commitment?A capital commitment generates many meanings depending on the context in which it is used. In accounting, capital commitment refers to the total amount of money that a company intends to spend for a specific time. It is the capital...

Unrealized Loss (Securities) – Explained

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

What is an Unrealized Loss?An unrealized loss is a loss that exists on paper which often results from an investor retaining an asset whose price or value has depreciated. An asset that has declined in value but is yet to be sold has an unrealized loss, the loss turns...