What is The Stacey Matrix? The Stacey Matrix, developed by Ralph Stacey, is a contingency-based approach to decision making. A decision is based upon two variables:  Certainty (Cause and Effect of Decision) Agreement (Extent of Agreement among Stakeholders)  What is the Degree of Certainty?  Close to Certainty: When underlying cause and effect relat...

What is a Tax Deed? A tax deed is a legal instrument that grants property ownership to a government agency when the property owner defaults to paying taxes due on the property. In other words, it is a legal formal document that gives the government tax agency authority to sell of property such as a home so as to collect delinquent taxes and hand ove...

Creating an Offshore Company? Forming a company outside of the borders of the United States that does business solely or primarily within the United States is a common practice. This practice is known as “offshoring” or forming a company “offshore”. This begs the questions: What are the reasons or advantages for doing so? How do you do it? And what ...

What is the Sum of Squares? In regression analysis, sum of squares refers to a statistical method of analyzing how data series are generated and how they disperse. The goal of the analysis is to uncover how the data points or series are alloted a fitting function. Variation is another term that describes the sum of squares. To calculate sum of squar...

What is included in the US Constitution? The US Constitution is divided into seven articles. Further, it has been expanded by the addition of 27 Amendments. What are Articles I, II, and III of the US Constitution? Articles I, II, III establish the governance structure of the United States. Article I establishes two legislative bodies, the House of R...

What is a Fair Basis Code, Booking Class, and Reference Number? A Booking class is an indicator of traveling class presented in a traveler's fare code.  A fare basis or fare code is an alphabetic letter or numbers (numeric codes) through which a fare type is identified by airlines. The fare code also contains rules applicable to different fare types...

What is a Civil Society Organization? Civil society is a sector of society (often a business group) devoid of government interference.  The term is also used to refer to non-governmental organizations that fight for the well-being of citizens.  Where do Civil Society Organizations come from? The term civil society can be traced back to Aristotle's P...

What is a Back-to-Back Loan? A back-to-back loan is a loan agreement between two companies domiciled in different countries in which a bank advances a loan based on the loan advanced by the other bank in another country. Each of these companies borrows from one another in their different currencies. The currencies and interest rates of both companie...

What is Unconditional Probability? An unconditional probability is a probability theory that holds that an event is likely going to occur whether or not other events occur. In this theory, the chance of the occurrence of an event is not dependent on other events. External circumstances have no effect on the outcome of an event using the unconditiona...

What is Stakeholder Analysis?  Stakeholder Analysis identifies the ways in which stakeholders may influence the organization or may be influenced by its activities, as well as their attitude towards the organization and its targets. What is the Stakeholder Value Perspective?  According to the Stakeholder Value Perspective, Proposed by  Edward Freema...