What is Six Sigma? Six Sigma is a term used to define various techniques and management tools designed to make business processes more efficient and effective. It provides statistical tools to eliminate defects, identify the cause of the error, and reduce the possibility of error. Thus, Six Sigma creates an environment of continuous process improvement,…
What is the Small Business Administration (SBA)? The Small Business Administration (SBA) is a federal agency of the United States that serves small businesses. It provides financial assistance to small businesses that are unable to obtain funds on rational terms from the normal lending sources. Such assistance comes in the form of guarantees on the…
What is an Export Trading Company (ETC)? An export trading company (ETC) provides support services to firms that specialize in exporting. From the client’s perspective, it would include warehousing, shipping, insuring, and more. In addition, export trading companies also handle the legal requirements involved throughout the exporting process for various goods. An example would be…
What is an S Corporation (S Subchapter)? An S Corporation (S Corp) is a closely held corporation (Limited Liability Company (LLC), partnership, or C Corporation) that is treated as a pass-through entity for federal tax purposes. It is created through election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code….
What is Exponential Growth? Exponential growth is when data rises over a period of time, creating an upwards trending curve on a graph. In mathematics, when the function includes a power (or an exponent), the calculation would be increasing exponentially. For example, if hens lay eggs three times per year and triples every year, then…
What is the EAFE Index? The EAFE Index (Europe, Australasia, and the Far East) was created to measure the performance of the stock markets in developed markets – excluding the U.S. and Canada. The indicator is maintained by MSCI Inc. and is popularly known as the MSCI EAFE Index. MSCI Inc. is a U.S.-based finance…
What is Dotcom? Dotcom is a term used to refer to a company that conducts a majority or all of its business via the internet. Other terms include “dot-com”, dot-com company, “.com” or dot.com. The businesses are normally conducted through a website with the domain “.com” in the URL. Popular dotcom companies include Amazon.com, eBay.com,…
What is the Double Top? Common in financial trading, the double top is a type of chart pattern that can be found when performing technical analysis. The double top chart pattern is an indication that the prevailing trend may reverse in the short or long term. Financial trading markets include the trading of currencies, stocks,…
