What is the Executive Branch? The executive branch is the office of the President of the United States. It includes all Cabinets, Agencies, Offices, Bureaus, etc., that fall under the President's Authority.  How does the Executive Branch check the power of the other branches of government? The Executive Branch checks Congress's authority through the...

What is the Five S Method of Business Process Management? The 5S Method is an approach to creating efficiency in workplace processes and activities. It is primarily used as part of business process management. The 5S model is integrated into various lean operation approaches. The objectives are process improvement and output quality. It does so by f...

What is an Individual Retirement Account? An individual retirement account refers to an investing tool used by individuals to earmark or set aside funds for retirement savings. Various IRA types exist, as of 2018 and they include Roth IRAs, traditional IRAs, SEP IRAs, and SIMPLE IRAs. Sometimes called individual retirement arrangements, IRAs can be ...

What is Resistance to Change common in Organizations? There are several responses to organizational change, as follows: Active resistance - This is when individuals actively resist the change through acts intended to interrupt or disrupt change-related activities. Passive resistance - This when individuals oppose change but may not be extremely or v...

What is an Ocean Bill Of Lading? An Ocean Bill of Lading (OBL), also known as a cargo receipt, is a contractual document used to evidence the transport goods to any overseas destination. The bill is issued to the shipper by the ocean carrier. The shipper must present the bill of lading to receive the goods following shipment. An OBL may contain vari...

What is a Rational Self-interest? Rational Self-Interest is a behavioral assumption that economists make about how people act under different economic conditions. Acting in an economically rational way entails taking actions that reduce costs and increase benefits for the individual. Acting conversely renders actions economically irrational. How doe...

What is Social Enterprise? A social enterprise refers to a business or a commercial organization whose main objectives are social and environmental impacts. A social enterprise generates income by maximizing all potentials that will have positive social and environmental impacts on the community. Social enterprises seek to address social needs and e...

What is Carbon Sequestration? Carbon sequestration is a way of saying capturing carbon before it is injected into the atmosphere. It also involves the long-term storage of carbon in vegetations, soils, oceans, and geologic formations. The objective is to prevent this carbon from converting into carbon dioxide gas in the atmosphere. How Does Carbon S...

What is the Hawthorne Effect? The Hawthorne effect is a term that describes the tendency of individuals to alter or change their behavior if they are aware that they are being observed.  This tendency changes in the result of the research or experiment parameters. More specifically, the Hawthorne Effect shows how reactivity or modification of human ...

What is the Material Participation Test? Material participation tests refer to a criterion set by the Internal Revenue Service (IRS) used to evaluate whether or not a business is a passive activity. The activity may include something like a business, trade, or any other activity that generates income. Generally, material participation consists of th...