by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
[cite] Back to: ACCOUNTING, TAX, & REPORTING Capital Gain Defined A capital gain is the profit obtained from the sale of assets. When the sale price is higher than the acquisition price there will be a capital gain. However, when the sale price is lower than the...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
[cite] Back to: ECONOMIC ANALYSIS & MONETARY POLICY Capital Formation Defined Capital formation refers to the accumulation of capital goods, financial capital, and human capital. A Little More on Capital Formation There are two divergent view on the role of...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Management & Organizational Behavior Hersey-Blanchard Model The Hersey-Blanchard model, also known as the Hersey-Blanchard Situational Leadership Theory, is a theory that advocates the existence of more than one optimum style of leadership. This...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
[cite] Back to:ECONOMIC ANALYSIS & MONETARY POLICY Harmonized Index of Consumer Prices (HICP) Defined The Harmonized Index of Consumer Prices (HICP) is an index used by the European Central Bank to measure inflation by measuring the prices of common household...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
[cite] Back to: ACCOUNTING, TAX, & REPORTING Yellow Book (Financial Auditing) Explained The Yellow Book, formally the Generally Accepted Government Auditing Standards (GAGAS), is the name given to the standards promulgated by the Comptroller General (of the...
by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles
[cite] Back to:BUSINESS & PERSONAL FINANCE Employee Profit Sharing Plan (EPSP) Employee profit sharing plan (EPSP) or a profit share plan is when a company allocates a share of profits to its employees. An EPSP is generally based upon performance, such as annual...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT ISO 9000 Explained In the year 1987, the International Organization for Standardization (ISO) established the ISO 9000 family of standards. This family comprises a system of numbers utilized in...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
[cite] Back to:BANKING, LENDING, & CREDIT INDUSTRY Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA) Definition The Fair and Accurate Credit Transaction Act (FACTA) was a US law passed in 2003 that aims to escalate the protective measures...
by TheBusinessProfessor | Feb 23, 2025 | Sales
[cite] Back to: MARKETING, SALES, ADVERTISING, & PR Durable Goods Defined The goods which are not consumed or destroyed by use and last for a long time are called durable goods. Home appliances, types of machinery, cars all fall under the category of durable...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT Drop Shipment Explained It is a supply-chain-management method where the retailer takes orders from the customer and processes it to the manufacturer or original supplier with the order and shipment...
