What is a Contingent Beneficiary? A contingent beneficiary is the alternative beneficiary, designated by the account holder, who is set to receive the proceeds or benefits of a financial account only if the primary beneficiary is not able to accept the benefits at the time of payment. The financial account can be in the form…
Overview of eCommerce Business Models The eCommerce industry has undergone significant change since its rise in popularity during the 1990s and early 2000s. As the separation between offline and online has nearly disappeared, most companies have adopted some sort of hybrid or omnichannel approach to marketing their products or services. This guide outlines the most…
A Guide to Effective Data Presentation Financial analysts are required to present their findings in a neat, clear, and straightforward manner. They spend most of their time working with spreadsheets in MS Excel, building financial models, and crunching numbers. These models and calculations can be pretty extensive and complex and may only be understood by…
What is Hypothesis Testing? Hypothesis Testing is a method of statistical inference. It is used to test if a statement regarding a population parameter is statistically significant. Hypothesis testing is a powerful tool for testing the power of predictions. A Financial Analyst, for example, might want to make a prediction of the mean value a…
What is the Language of Business? In business, there are three main “languages” – accounting, finance, and economics. While there are many other disciplines in business, such as marketing, human resources, operations, etc., it’s the core principles and terminology behind accounting, finance, and economics that drive decisions across businesses. In this guide, we will break down the…
What is Competitive Bidding? Competitive bidding is a form of solicitation that is used in the procurement of goods and services. It is used by companies and government agencies that require the delivery of products or services on a large-scale basis. The agency or company must issue a form of solicitation, commonly referred to as…
What is Ethereum? With the rise of Bitcoin (BTC), the cryptocurrency market has been validated. Because of this, new cryptocurrencies and coins have tried to penetrate the market and grab a slice of the pie. Ethereum is Bitcoin’s strongest competitor. It currently holds the second-largest market capitalization – recently tying with Bitcoin for first, before…
What is Bitcoin? Bitcoin (BTC) is one of the first cryptocurrencies to rise to popularity. Invented in 2008, it is now the largest cryptocurrency by market share. As of June 2017, BTC has a market cap of nearly $40 billion. The only other cryptocurrency to come close to this is Ethereum. As a cryptocurrency, Bitcoin…
What is a Blockchain? A blockchain is digital database of transactions that is maintained by a network of computer servers, who can all easily verify and agree on the contents of the database in a way that makes it difficult for anyone to hack or change. Each one of these users, called a node, stores…
