Amortization of Bond Costs – Explained

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

What is Amortization of Bond Costs?Amortization of bond costs is a process of adjusting the nominal interest expense of a bond to the actual interest expense.How Does Amortization of Bond Costs Work?There are only two methods amortizing bond costs:Straight-line bond...

Analysis of Means – Explained

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

What is Analysis of Means (ANOM)?Analysis of means is a systematic statistical procedure used in depicting significant differences among groups of information in a visual form. It is active mostly in quality control. ANOM methodology compares the average of each group...

Analysis of Alternatives – Explained

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

What is Analysis of Alternatives?An analysis of alternatives (AOA) is an assessment of various options present for reaching a goal. This usually involves sensitivity analysis, which is when the evaluation of quantitative estimations and calculations gets changed in an...

Amortized Loan – Explained

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

Update Table of Contents What is an Amortized Loan?How Does an Amortized Loan Work?The relationship between capital and interestCalculation Amortized Table  What is an Amortized Loan?Amortized loan debt requires monthly payments over a set period, in which a portion...

When to Incorporate Your Business

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

When should I Incorporate my Business?This article discusses when an entrepreneur should consider incorporating her startup venture. I use the terms incorporate and incorporation generally to refer to the decision to form a separate entity (other than a sole...

Ad Valorem Equivalent (AVE) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Taxation

What is an Ad Valorem Equivalent (AVE)?Ad valorem tax is a type of tax which is based on the property value of the properties such as real estate or personal property. The most common tax of this type is the real estate tax. This tax sometimes applies to other tax...

Acceptance Criteria – Explained

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

What is Acceptance Criteria?Acceptance criteria is a set of pre-established requirements or standards that a project or product must meet. It comprises of sentences structured to encourage a definite accepted or rejected response which establish both practical and...

Affinity Diagram – Explained

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

What is an Affinity Diagram?An affinity diagram is used to organize the collective ideas arising out of a brainstorming session. It is used to create, systematize, and unify information related to a problem, product, complex issue, or process. After generating ideas,...

McClelland’s Acquired Needs Theory – Explained

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

What is Acquired Needs Theory?Acquired needs theory, also known as McClelland’s Needs Theory, Three-Needs theory, Achievement Motivation Theory, or Learned Needs theory, is a theory that is based on the notion that people’s needs are acquired as they live...

Associate of Chartered Institute of Management Accountants – Explained

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

What is an Associate of the Chartered Institute of Management Accountants (UK)?The Chartered Institute of Management Accountants (CIMA) is a professional body for management accountants which provides them with qualification and training in the field of management...