What is a RAID Log? Project management involves multiple facets, whose implementation and monitoring can be quite time-consuming. Therefore, it is crucial for project managers to identify opportunities that help increase efficiency and quality. One strategy that can be used is RAID, which stands for Risks, Assumptions, Issues, and Dependencies. A RAID Log is an…
What is Organization Design? Organization design is a platform that incorporates the key components of a company, namely people, information, and technology. Even though every organization is different, and there’s no specific formula for establishing the perfect organization design, there are several tenets applicable to every company. Changes are happening all around us and at…
What is Cash Larceny? Cash larceny refers to the act of stealing cash that has already been recorded in the books of accounts during a specific period. This fraud is perpetrated by an employee, without the consent or knowledge of the employer. Larceny often occurs at the cash register, cash collection point, or from deposits…
What are Fraud Red Flags? Fraud red flags refer to undesirable situations or conditions that consistently contribute to fraud, waste, and abuse of resources. When an investigator is reviewing a company’s stocks or financial statements, certain undesirable characteristics may stand out as fraud red flags – contributors to fraud or circumstances that may indicate the…
What is Globalization? Globalization is essentially the means by which individuals, governments, companies, and countries interact with and affect one another, with the goal of helping to build strong alliances that mutually benefit one another. Globalization is accomplished through the use of technology, as well as through trades and investments made internationally. The process can…
What is a Non-Compete Agreement? A non-compete agreement is a covenant between an employee and employer that stops the employee from using the skills and information they learned during employment to enter into competition with the employer. Typically, by signing the non-compete agreement, the employee agrees not to enter into businesses or markets that are in…
What is the Poisson Distribution? The Poisson Distribution is a tool used in probability theory statistics to predict the amount of variation from a known average rate of occurrence, within a given time frame. In other words, if the average rate at which a specific event happens within a specified time frame is known or…
What is a Case Competition? A case competition is an event where contestants compete to create the best solution to a business case study within the rules and guidelines set out by the organizer. Cases may be designed for individuals or teams, and contestants have to submit their work for judging by a panel. Judges…
Who are Private Auctioneers? Private auctioneers refer to persons authorized or licensed by law to sell goods or properties at public auctions. Private auctioneers differ from brokers, in that the latter can both buy and sell goods, whereas private auctioneers can only sell. They sell goods brought by sellers to the market and offer them…
