T Distribution – Explained

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

What is a T Distribution?The T distribution, also known as Students t-distribution, is a probability distribution that is used to estimate population parameters in small-sized samples as well as samples with an unknown population variance. The T distribution shares a...

Organizational Structure – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Organizational Structure?An organization structure is a visual diagram that represents the hierarchy, roles, and responsibilities of the employees in the company. Organizational structures use markets, geographical locations, products, functions, or processes...

Line of Credit – Explained

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

Update Table of Contents What is a Line of Credit?How Does a Line of Credit Work?Secured and Unsecured Lines of CreditRevolving versus Non-revolving Lines of CreditTypes of lines of creditA personal line of credit Home Equity Line of Credit (HELOC) Securities-Backed...

Letter of Comfort – Explained

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

Update Table of Contents What is a Letter of Comfort?How Does a Letter of Comfort Work?Who can Issue a Letter of Comfort?Accountant Underwriters   Companies   Banking Institutions   Governments Comfort Letter ConsiderationsTerms Included in a Comfort LetterWhen to use...

Central Bank – Explained

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

What is a Central Bank?A central bank is a financial entity that oversees the production and supply of money in a nation, it regulates how money is produced and circulated in the economy. The central bank is aos responsible for the monetary system of a country, it...

Customs Trade Partnership Against Terrorism (C-TPAT) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the C-TPAT?The Customs-Trade Partnership Against Terrorism (C-TPAT) is a security program that was launched to protect the supply-chain of private companies from the impacts of terrorism. C-TPAT is overseen by Customs and Border Protection (CBP), a U.S based...

Customer Relationship Management (CRM) – Explained

by TheBusinessProfessor | Feb 23, 2025 | SEO, Social Media, Direct Marketing

Update Table of Contents What is Customer Relationship Management?Why is Customer Relationship Management Important?Types of Customer Relationship Management – CRM TechnologyAcademic Research on Customer Relationship Management – CRM What is Customer...

Currency Adjustment Factor – Explained

by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations

What is the Currency Adjustment Factor (CAF)?The currency adjustment factor (CAF) refers to a surcharge that is placed on freight charges and transactions between the United States and the Pacific Rim. The surcharge is an additional fee placed on freight costs was...

Scarcity Principle – Explained

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

What is the Scarcity Principle?The scarcity principle is a theory in economics that maintains that scarcity in the supply of a product and high demand for that product cause a discrepancy in the supply and demand equilibrium. Restated, a scarce or rare goods often has...

Scalability (Scalable) – Explained

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

What does Scalable Mean?Scalability refers to the ability of a business to be more efficient and increase sales when there is a rise in demand. Basically, the business can ramp up operations to meet demand.In startups, scalability generally means that a...