What is Business Continuity Planning? Business continuity planning (BCP) refers to the mechanism of developing different measures so as to protect and recover a business from prospective threats. The main objective of BCP is to make sure that the staff as well as assets of the firm remain safe, and the business can cope up effectively during disaste...

What is Gamification? Gamification is where you incorporate a game system into an already existing website or an online community for the purpose of inspiring participation, consumer loyalty, and user engagement.  Why Does Gamification Motivate? People are naturally influenced to engage in competition, collaboration, achievement as well as charity. ...

How Can I Turn My Provisional Patent Application into a Non-Provisional Application? A provisional patent application is an extremely useful tool for technology startups. It allows a company to file a utility patent application on an invention without disclosing the elements (claims) of the invention to be protected, oath or declaration regarding th...

What is the Consumer Advisory Council? CAC was primarily created to provide a piece of responsive and driven advice needed to plan, implement, evaluate the activities carried out through the Assistive Technology (AT) Act. CAC serves as a consumers' spokesperson that helps to achieve measurable goals from the perspective of consumers. How Does the Co...

How is the Fair Credit Reporting Act enforced? The FTC and CFBP enforce the provisions of the FCRA. Further, individuals may bring a cause of action against creditor reporting agencies or credit providers. In a civil action, a creditor may recover actual damages, attorneys fees, court costs, and punitive damages (if the conduct is intentional). Note...

What is a Chief Legal Officer? A chief legal officer also known as a general counsel is the highest legal position in a public traded company. Chief Legal Officer (CLO) is mandated to ensure that legal risks of the company are minimized. He or she does this by giving legal advice to board members and company officers, especially on litigation risks....

How Data Used in Marketing Research?  Often, Marketers use what's called secondary data (data that's already available or on hand). This can be internet information. We can look at company records (such as sales records and all sorts of other data points). Sometimes we have to go outside of the company. That's where public records can come in handy....

What major federal laws protect consumers? Consumer protection laws exist at both the federal, state, and local levels. Also, there are numerous private organizations that seek to promote fairness in consumer and commercial transactions. The following are the major federal consumer protection laws. Federal Trade Commission Act  Equal Credit Opportun...

What is Infrastructure? Infrastructure consists of the physical facilities and public works employed to allow for the development of systems. In economics, infrastructure usually consists of roadways, trains, buildings, etc.  Related Topics Rule of Law relate to Economic Growth Labor Productivity Productivity and Learning Curve Experience Curve Acce...

What are Cumulative Voting Rights? Cumulative voting refers to a system of voting used by companies when electing the directors of a company. Cumulative voting allows a shareholder cast all their votes to a single candidate rather that share the votes across the number of directors vying for the position. In a typical voting system, a shareholder ha...