Labor Market Efficiency – Explained

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

What is Labor Market Efficiency?The word efficient is used for those labor markets which match workmen with the employment according to their skill-set. As a result, the productivity of the workforce boosts up, making them more efficient. On the same scheme, the labor...

Job Openings and Labor Turnover Survey – Explained

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

What is the Job Openings and Labor Turnover Survey?JOLTS is a survey carried out to aid in determining the available job vacancies. It is done by the United States Bureau of Labor Statistics and collects data every month from various employers such as retailers,...

Customs Union – Explained

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

What is a Customs Union?The customs unions is an essential part of many state’s trade associations. By definition, this is a form of trade agreements that bind two or more countries. It generally means that the parties decide not to impose various tariffs such...

Journal Entry (Accounting) – Explained

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

What is a Journal Entry?Journal entries are used to record every transaction and event of a business in the accounting system since they are the beginning point in the accounting cycle. These entries are recorded in the general journal as business events continue...

Keiretsu (Japan) – Explained

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

What is Keiretsu?Keiretsu is a Japanese word referring to the modern formation of major firms in Japan. These are generally businesses that acquire stock and merge with other firms to conduct the same projects.Prior to WWII, major firms in Japan were managed by...

Keogh Plan – Explained

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

What is a Keogh Plan?Named after its creator, a Keogh plan is a retirement plan for self employed people including owners of small businesses like sole proprietorships and partnerships. Like any other saving plan, insurance Keogh plans are qualified by IRS (Internal...

Key Performance Indicators – Explained

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

What are Key Performance Indicators (KPIs)?Key performance indicators are a set of measures that companies and corporations use to evaluate their progress financially and to what extent they have met their strategic goals. These quantifiable measures are also...

Kaizen – Explained

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

What is Kaizen?Kaizen is a fundamental approach to creating continuous improvement. It is founded on the idea that small, ongoing, positive transitions can reap significant improvements in an organization. Kaizen is based on cooperation as well as a commitment –...

Inflation Protected Securities – Explained

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

What are Inflation Protected Securities?In trading parlance, Inflation Protection is the adjustment of value in the price of securities, with respect to inflation. Prices of securities, their payouts, and dividends, are adjusted periodically in keeping with the rate...

International Monetary Fund – Explained

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

What is the International Monetary Fund (IMF)?The International Monetary Fund(IMF) is an international organization with 189 member countries, formed with the objective of promoting international trade and commerce, employment, sustained economic growth, financial...