What is LinkedIn? LinkedIn is the single most important and powerful career tool today. And it is more (much, much more) than simply a professional Facebook. It is a comprehensive career platform.  If you are not using it to its fullest extent - youre missing out. Heres why.  Job recruiting can be broken down into three categories, Fortune 1000, Mid...

What is an Original Equipment Manufacturer (OEM)? An original equipment manufacturer (OEM) is referred to as the company producing components to be used in the final products manufactured and sold by another company. The company purchasing from an OEM manufacturer is called the value-added reseller (VAR), since by acquiring the goods or components o...

What is Procedural Justice? This type of justice focuses on the process rather than the outcome. Are fair rules or decision-making criterion employed in determining the reward to be distributed. For example, if someone's input is being evaluated to determine who receives an award.  Even if an individual receives the reward, they may feel that the pr...

What is the Emerging Issues Task Force? The Emerging Issues Task Force (EITF) is an institution established in 1984 by the Financial Accounting Standards Board (FASB) with the aim of assisting and improving financial reporting techniques. What Does the Emerging Issues Task Force Do? The EITF is tasked to address the emerging issues within the domain...

What are Fixed Inputs? We can describe inputs as either fixed  or variable. Fixed inputs are those that can’t easily be increased or decreased in a short period of time. In the pizza example, the building is a fixed input. Once the entrepreneur signs the lease, he or she is stuck in the building until the lease expires. Fixed inputs define the firm’...

What is a Ponzi Scheme? A Ponzi scheme is an investment scam that involves the diversion of new investments to pay dividends to existing investors. Fraudulent companies that partake in Ponzi schemes typically lure new investors into their schemes by promising them high rates of return as well as negligible risks. Investors that participate in Ponzi ...

What is the Double Coincidence of Wants? In an economy without money, an exchange between two people would involve a double coincidence of wants, a situation in which two people each want some good or service that the other person can provide. For example, if an accountant wants a pair of shoes, this accountant must find someone who has a pair of sh...

What is Accelerated Bookbuild? An accelerated bookbuild is a method whereby the offering of new shares in the equity or capital market is done within a short period. The bookbuild of the offering is completed quickly, often within 48 hours or less. This method provides an offer to a company or an investor to purchase stocks in the equity market in a...

What is Weak Form Market Efficiency? Weak form market efficiency, also known as he random walk theory is part of the efficient market hypothesis. The efficient market hypothesis concerns the extent to which outside information has an effect upon the market price of a security. There are three beliefs or views: Strong, Semi-strong, and Weak. The weak...

What are the Benefits of Ethical Marketing? There are numerous benefits to both company and society from ethical marketing practices. Some of the primary benefits include: Reputation - Companies that market consistent with ethical norms or expectations build a positive reputation with the public.  Customer Satisfaction/Loyalty - Delivering a product...