Other Comprehensive Basis of Accounting (OCBOA) – Explained

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

What is Other Comprehensive Basis of Accounting?OCBOA (Other Comprehensive Basis of Accounting) contains financial statements made pursuant to an accounting system that is different from GAAP. Normally, big companies use Generally Accepted Accounting Principles to...

International Standard Book Number (ISBN) – Explained

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

What is an International Standard Book Number (ISBN)?The International Standard Book Number (ISBN) is a unique numeric identification code for published books. Affiliates of the International ISBN Agency sell ISBNs to publishers.How does an ISBN Work?Every edition and...

January Effect – Explained

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

What is the January Effect?The January effect, also nicknamed the January barometer, is a calendar effect specifically in relation to the stock markets anomaly experienced in the month of January, which is characterized by an increase in stock prices. A market anomaly...

Oligopoly – Explained

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

What is an Oligopoly?Oligo means a small number. A market ruled by a small number of firms that can exert great influence on prices, policies, and procedures, is called an Oligopoly. This market dominance can be achieved by large firms merging together to destroy...

Open End Fund – Explained

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

What is an Open-End Fund?A mutual fund that can issue an unlimited number of shares is called an Open-End Fund. Mutual Funds provide a convenient investment opportunity for investors as a majority of them are Open-End Funds. When the number of shares is too large to...

Operational Efficiency – Explained

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

What is Operational Efficiency?Operational Efficiency is the ratio of productive output to operational inputs. Restated, the degree of operational efficiency is determined by how much productive output results from the effort or resources invested in the operational...

Absolute Advantage (Economics) – Explained

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

What is Absolute Advantage?The advantage of being able to produce a good or product with fewer input resources is called Absolute Advantage. The producer of the goods could be any legal entity from a single person, a business, to the economy of a country as a whole....

Closed End Fund – Explained

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

What is a Closed-End Fund?A closed-end fund is a type of investment fund with a predetermined unit capital and total number of shares. This type of fund has an established duration with no option for investors to redeem shares from the fund. Returns are paid based on...

Closed End Credit – Explained

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

Update Table of Contents What is a Closed-End Credit?How Does Closed-End Credit Work? What is a Closed-End Credit?Closed-end credit is a kind of loan or credit that involves a complete disbursement of the agreed amount at the time of settlement, with the stipulation...

Chicago Mercantile Exchange – Explained

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

What is the Chicago Mercantile Exchange?The Chicago Mercantile Exchange (CME) is a Chicago-based facility that offers futures and options trading services in industry segments such as agribusiness, power, stock market index, currency, real estate and commodities. The...