What is the Above Full-Employment Equilibrium? When an economy manufactures goods or products at higher economic rates than normal, it is regarded as above full-employment equilibrium. The gross domestic product (GDP) of an economy often reflects the normal rate at which goods or commodities are expected to be produced in an economy. When the rates ...

Overview of Criminal Law The chapter introduces the concept of criminal law and the procedures for enforcing those laws. It will explore the Constitutional authority of the government to pass criminal laws, the enforcement methods, and identifies specific types of criminal laws. It breaks down criminal conduct into the basic elements necessary to de...

What is a Quality Score in Web Marketing? Quality score is a rating for how Google measures the usefulness or relevance of your Pay-Per-Click advertisement on Googles search platform. Generally, the usefulness and relevance of your ad to those searching a particular term in Google is determined by examining the keywords used and the searchers reacti...

What is a Comfort Letter? A comfort letter is a written document that provides a level of assurance that an obligation will ultimately be met. In its traditional context, a comfort letter is given to organizations or persons of interest by external auditors regarding statutory audits, statements, and reports used in a prospectus. The comfort letter ...

How do you Assess the Situational Aspects when strategically planning a negotiation? Situational aspects of a negotiation represent any characteristic of the negotiation situation that are not personal to the negotiators or characteristic of the social climate between them.  The situational aspects are innumerable. Some common examples are discussed...

What are the Challenges of International Marketing?  International marketing is increasingly necessary and common given the increased interconnectivity between countries. As such, marketers face similar challenges in foreign markets as they face in local markets as well as many unique challenges of each market in which you do business.  Examples of ...

What is a Book of Original Entry? A book of original entry refers to an accounting book or journal where all transactions are initially recorded. This book can also be called a first entry or preliminary entry. It is the journal in which invoices, vouchers, cash transactions and others are first recorded before they are transferred to ledger account...

Slide 10: Financial Forecast The financial forecast is a snapshot of the most important aspects of the financial statements. Take a look back at the Financial Projections material to refresh yourself on the content of the financial projections. The main information that you should show in the financial projections are are follows: Revenue assumption...

How do you assess the Social Context when strategically planning a negotiation? A negotiator must understand the social context of the negotiation.  Negotiation occurs in a context of rules, such as customs, habits, situations, cultural norms, religious doctrine, laws, and political pressures.  Understanding the social constraints on the negotiation...

What is Communicated in a Negotiation? A negotiator communicates her preferences during a negotiation. Selectively relaying preferences can have a powerful influence on the actions of the other party and on outcomes.  A communicative framework for negotiation assumes that the communication of offers is a dynamic process; the process is interactive; ...