What is Availability Bias? Availability bias is the tendency of humans to believe things that readily come to mind are more important than those not readily recalled....

What are the primary reasons for denying claims of trademark rights? Whether pursuant to common law, state or federal registration, there are several common reasons for denying trademark protection of a prospective mark. Some of the more common reasons are as follows: the mark is the same or similar to a mark currently used on similar related goods;...

What is Millage Rate? The millage rate is an old term that refers to the tax rate levied on properties. Popularly called the mill rate, this tax rate is used in estimating property taxes imposed on properties. The millage rate is calculated as 1/1,000 of a dollar, hence the taxable value of a property determines the millage rate of the property. Alt...

What is Crowdsourcing? Crowdsourcing refers to obtaining work, data, or input from a large group of persons who generally deliver or submit their work or information via social media platforms, the internet, or any other related means.  For example, individuals may crowdsource answers to specific questions on the website, Quora. Businesses may crowd...

What are Intended, Deliberate, Realized, and Emergent Strategies? Henry Mintzberg and his colleagues at McGill University distinguish intended, deliberate, realized, and emergent strategies.  Note: This framework has given rise to two factions - the Design School and Emergence or Learning Schools of Strategy. Though, Mintzberg acknowledges that the ...

What is ownership of Property? Ownership is a concept closely related to property. It is the legally recognized and enforceable rights that a person has to property.  This concept is important because it is possible to possess property and not own it. For example, you find a valuable item on the side of the road and you cannot determine the owner. Y...

What is Venture Debt? Emerging companies often need venture capital to start, grow and maintain their business, this is why they seek funds from venture capitalists (investors). Venture debt is a type of financing that is made available for companies that already have the backing of venture capital firms or emerging companies.  Firms that provide eq...

What are the major antitrust laws in the United States? Since the inception of antitrust law, the Federal Government has passed three sweeping antitrust laws: The Sherman Act of 1890, The Clayton Act of 1914, and The Federal Trade Commission Act of 1914. These acts still provide the primary sources of antitrust law effective today. They have been su...

What is a Conversion Ratio? The conversion ratio refers to the number of shares that is obtainable after converting a certain denomination or convertible security into common shares. Hence, the conversion ration outlines the sum of common shares that was received or obtained after the conversion of a number of convertible securities.  Conversion rat...

What is a Private Investment Company? Private investment companies are not covered under the section 3C1 of the 1940 Investment Company Act. They are not required to register with Securities Exchange Commission (SEC) but their investors and investments in stocks or bonds are limited.  A private Investment company is made up of a minimum of 100 inves...