Conflict of Interest

Conflict of Interest

What is Conflict of Interest? Conflict of interest is any situation that has the potential…

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Self-fulfilling Prophecy

Self-fulfilling Prophecy

Self-fulfilling Prophecy Definition The term “self-fulfilling prophecy” was coined by a sociologist named Robert Merton…

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Net Profit

What is Net Profit? Net Profit or Net Income (the two terms will be used…

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Verbal Communication

Verbal Communication

Verbal Communication Definition Verbal communication is the use of words and language to convey a…

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Consumer Sovereignty

Consumer Sovereignty

Consumer Sovereignty Definition Consumer sovereignty is an economic theory stating that supply is dictated by…

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Chain of Command

Chain of Command

Chain of Command Definition Chain of command refers to the hierarchy within a company. Specifically,…

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Direct Lease

Direct Lease

What is Direct Lease? Direct lease refers to a contractual arrangement between a lessor and…

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Immediate Family

Immediate Family

Immediate Family Definition Immediate family refers to the closest relatives in your family. Who is…

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Force Majeure

Force Majeure

Force Majeure Definition Force majeure is a term borrowed from the French language which translates…

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Annual Income

What is Annual Income? Annual income is the total earnings within a one year period…

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