Jitney – Explained

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

What is a Jitney?Jitney is a broker that is able to perform stock exchange trade on behalf of another person who is not able to. The concept also refers to a stock trading that is fraudulently done to increase stock volume. As such, the fraudulent trading may involve...

Johari Window – Explained

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

What is the Johari Window?The Johari window, proposed by Luft and Ingham, refers to a system or model that is primarily used in self-help groups and community settings to help people understand their relationship to and compatibility with others. The model categorizes...

KOF Economic Barometer – Explained

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

What is the KOF Economic Barometer?This is an amalgamated indicator used in Switzerland to provide reliable readings on the growth of the economy in comparison to a similar quarter in the previous year. The barometer has a multi-sectoral design made up of three...

Kurtosis – Explained

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

What is Kurtosis?This is a statistical procedure used in reporting the distribution. Unlike skewness which differentiates extreme values between one tail and another, kurtosis computes the absolute values in each tail. Large kurtosis is present in the distributions...

Kondratieff Cycle (Wave) – Explained

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

What is the Kondratieff Cycle?In economics, the Kondratieff cycle is a hypothesized cycle-like phenomenon thats found in the modern world economy. Its stated that the period comprised of waves that spread between forty to sixty years and the cycles consist of...

Knock Out Option – Explained

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

What is a Knock-Out Option?A knock-out option is an option contract that will automatically expire even before the set expiration date arrives when a specified price level of underlying asset is reached. This option sets a cap on the price level a contract option can...

Kanban – Explained

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

What is Kanban?Kanban is a scheduling system used in lean and just-in-time manufacturing. The system was developed by the Vice President of Toyota, Taiichi Ohno. This inventory control system is named after colored cards used in tracking production and managing new...

General Ledger – Explained

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

What is a General Ledger?A company keeps a detailed record of its financial transactions in a specific format. This format is called General Ledger in the language of accounting. It consists of all types of accounting data a company may have, including assets,...

Labor Economics – Explained

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

What is Labor Economics?Labor economics is the study of behavior and decision making by employers and employees (including the supply of and demand for labor) as a result of environmental factors, such as fluctuating prices, profits, salaries, and conditions of...

International Accounting Standards Board – Explained

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

What is the International Accounting Standards Board (IASB)?The International Accounting Standards Board is the regulatory body of the IFRS Foundation.What Does the IASB Do? The IASB established on the 1st of April 2001, develops and promotes the use of the...