From experienced academic experts. In any field of study
Tenement houses are the buildings that have many apartments and the entrance to which is possible through auxiliary premises, usually the main entrance. Explanation: The issue of tenements has originated centuries ago in history, and since then, this concept has changed and received substantial attention. Tenements aimed to solve the...
The cost of revenue is the net cost of the products or services provided by the company, excluding secondary costs such as research and development-related expenses. The cost of revenue includes all expenses necessary to produce basic products or services. Explanation: The cost of revenue is one of the principal...
The primary purpose of a Certificate of Confidentiality (CoC) is to allow institutions and agencies to protect identifiable and sensitive research information on the subject of a study. The main principle of the CoC is that investigators cannot be compelled to disclose any data under the protection of the certificate....
U.S. President Roosevelt adopted cash and carry policy in order to provide support to allied countries during World War II against Nazi Germany. Under the terms of this policy, the allies had to pay for American supplies immediately and transport them out of American territory on their ships and under...
The direct write off method is used in accounting to charge customer’s liability as an expense if the account is determined as uncollectible. This method is more convenient to perform as it uses an actual amount of bad debt. The other commonly used alternative is an allowance method. Explanation: An...
Unearned revenue is the amount that the company owes to the customer until an ordered product or service is delivered to him. The unearned revenue counts as a liability as the product remains refundable and cannot turn into income until the customer receives a product or a service in full....
American Handgunner is a 110 plus pages magazine dedicated to handguns and all related shooting products. The magazine is published by FMG Publications and targeted at the consumer magazine sector of the market. It is positioning itself as the world’s best handgun magazine. Explanation: The magazine industry is dependent on market segmentation...
A conflict of interest (COI) management plan is a document that outlines and implements measures to actively reduce, mitigate, or eliminate an actual, potential, or perceived conflict of interest held by an employee. The COI management plan aims to manage the conflict of interest and make it as transparent as possible...
a) In the short run (next few months), what measures should the restaurant take to maximize its profits? Explain. The French restaurant enjoys monopolistic competition. In order to maximize its profitability in the short run, the management of the restaurant should apply an effective and practical economic model. As a...
Try to shock your audience like Tim Burton does with his audience. Since he is known for his unique vision and unmatchable creative approach, it is a good idea for you to echo his creativeness. You may choose some title that reminds of his strong features. That is the kind...
According to the doctrine of incorporation, the personal status of a company is determined by the state law where the company was created. The actual transfer of the company to another state does not lead to a change in personal status, and the international law based on the legal capacity...
The Credit Mobilier scandal was a symbol of corruption in the post-Civil War era that highlighted changes in business and political ethics in the United States of America. This series of shocking events took place from 1872 to 1873 and ended with a massive political scandal that tarnished the reputation...
In order to minimize the risks involved in social-behavioral studies, it is important to immediately remove all of the participants’ direct identifiers from the data. Additional safeguards are described in the section ‘Risks to Research Participants’ of the Human Subjects Protection Program, including research methods for vulnerable populations. Explanation: Additional...
There are two types of official currency that are used in Cuba, which are Cuban peso and convertible peso. Depending on a particular kind of shop, one of them might be more accepted than the other. Explanation: Cuban peso is referred to as “national currency”, and it is used to...
Nowadays, the term “market-clearing price” (or “equilibrium price”) is actively used in economics. Market clearing price is the value of the goods or services that is established when “the quantity supplied is equal to the quantity demanded.” In other words, this price exists when there are no shortages or surpluses...
Revenue Act of 1913, also known as the Underwood-Simmons tariff was signed by President Woodrow Wilson in 1913 after successfully passing both houses of the Congress. Its primary purpose was to cut or, in many cases, eliminate tariff rates on goods, thus encouraging import. The Underwood Tariff Act established the...
An excellent teacher should be able to address a wide range of skills in a classroom. There are five pivotal skills and attributes needed to be an outstanding teacher: being enthusiastic about for a subject; effective use of body language; being a lifelong learner in education; having knowledge of various...
Delegated powers, also called enumerated or expressed powers, can be defined as a federal government’s ability to take important measures and make crucial decisions on behalf of its country. Explanation: Delegated powers are directly connected to the way a country is organized. If the founders of a country’s government aim...
Average Total Assets can be characterized as the average number of assets owned by a company during both the current and previous year. The formula for Average Total Assets can be calculated as follows: (aggregate assets at the end of the current year + aggregate assets at the end of...
Absolute advantage theory implies that a specific entity, whether it is a country or a business organization, can produce a more significant number of goods than another establishment can within the same period. Another angle that one can look at it is that a company has higher production abilities, manufacturing...
The Supremacy Clause is article 6, clause 2, of the Constitution of the United States, which establishes the hierarchy of laws in the American state. It states that the U.S. Constitution, federal laws, as well as all international treaties concluded, are supreme laws concerning specific state constitutions and regulations, and...
When a bond becomes due, the issuer is required to pay the amount of money that they arranged with the holder, plus the interest. The terms of maturity for each type of bond are different. Explanation: In accounting, a bond is a form of borrowing, specifically a fixed-income investment. A...
The FDA looks at the possibility of financial conflicts of interest (COI) in clinical studies. It requires applicants to submit documentation to reveal potential financial conflicts in order to prevent racketeering. Explanation: The FDA reviews the financial interests related to a particular research study and decides whether a conflict exists....
Full Faith and Credit Clause is a clause from Section 1 of Article IV of the US Constitution that describes interstate relations. Section 1 of Article IV says: “Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State....
Quarantine speech is a talk given by Franklin D. Roosevelt on October, 5, 1937, in Chicago on the topic of America’s neutrality policy towards the issue of violence in the period between the world wars. Explanation: World War I left the national leaders dealing with the chaos in both internal...
The Convention of 1818 is a bilateral agreement between the United States and British North America (later Canada), which resolved territory disputes between the two nations setting the boundary at the forty-ninth parallel of latitude. It was the only territory cession the U.S. made to the United Kingdom and, at...
SAF criteria Nintendo can decide to pursue a pricing, quality, or innovative strategy to enhance its competitive advantage. Figure 1: pricing strategy Pricing Strategy Suitability Pricing strategy will address the key opportunities and constraints Nintendo faces. A lower price can be achieved by utilizing less expensive components, and the end...
The Corwin Amendment was the document issued by Thomas Corwin, the US governmental representative, in 1861, and its main objective was to prevent state residents from the abolition of slavery. Explanation: The ongoing debate over the position of slavery on a governmental level has been one of the most severe...
Bad debt expense is the amount of money that a debtor owes to a creditor and is not able to pay due to a lack of finances. Companies write off bad debt, since it is not collectible. Explanation: If a company provides goods and services on credit, the amount of...
The Emergency Banking Act of 1933 was passed to restore and strengthen public confidence in the US banking system. This legislation was a response to the fact that American citizens were massively withdrawing their money from banking accounts. Explanation: Consequently, the Emergency Banking Relief Act provided the president with the...
The Treaty of Verdun is a historical event that marked the beginning of the Empire’s dissolution; it was signed due to the necessity of dividing European parts into separate independent states. Explanation: In 843 August 11, Europe took the first significant step towards those state orders that determined its entire...
Democracy and the Republic are two governance models that are accepted by most countries of the world. However, not only these two models are different from each other, but the government of either is also formed otherwise. Explanation: Foremost, it is necessary to give a definition to both forms of...
Government corporations represent special institutions that are established in order to create products for society. Government corporations are under the control of the state but usually operate like any other private business company. Explanation: The primary function that is carried out by a government-owned corporation is the performance of the...
The Ten Percent Plan is a scheme proposed by Abraham Lincoln,according to which, if ten percent of the rebellion state voters claimed their allegiance to the US nation, they could be reintegrated into the US Union. Explanation: The American Civil War, which took place from 1861 to 1865, put the...
The contribution margin income statement is used in economics for analysis of the effectiveness of all the efforts taken in order to achieve higher revenue during a certain period. It is also called as income statement and its purpose is to calculate the contribution margin of the company, which helps...
A cash crop is a crop grown only for generating a profit by selling. Cash crop definition is used to differentiate it from food or subsistence crops produced for the consumption by a farmer’s family or feeding livestock. Explanation: Cash crops are generally grown on big farms that focus on...
A supply schedule is usually presented in the form of a table that shows the price for the quantity supplied of a particular product. Quantity supplied is a term that refers to the number of goods that producers are willing to sell for a certain price. Explanation: Economics is the study...
The National Response Framework is a guide that teaches U.S. citizens and authorities how to act in case of various disasters. Explanation: The National Response Framework (NRF) is an essential tool that provides guidelines for actions during severe disasters, catastrophes, and other emergency situations. The current official document is the...
Global stratification speaks to the presence of hierarchy among groups and individuals worldwide, due to the unequal distribution of various resources and benefits. Explanation: Our global society is stratified according to socioeconomic status. An individual’s social and economic level varies according to his or her occupation, education, wealth, income, and...
An approach-approach conflict arises when there are two equally attractive objects, and an individual must choose between them. That person would like to choose both of them, but the two are incompatible. Explanation: Conflict is an intrapersonal or interpersonal contradiction perceived by an individual as a significant psychological problem that...
A bond indenture (also called “indenture” or “trust indenture”) is an agreement made between a bondholder and an issuer to regulate the terms of payouts. It determines the amount of invested funds, bond maturity date, and the method of calculating the interest rates. Explanation: A typical bond indenture includes conditions...
The question that individuals ask during the norming stage of group development is, “What do the others expect me to do?” It matters because the knowledge of questions that team members ask themselves at different stages of team development helps a leader to manage them effectively. Explanation: To perform various...
The person who receives financial protection from a life insurance plan is called a beneficiary. It can be one person, several people, or charity. A beneficiary does not have any duties; this individual only receives a death benefit after the death of the insured person. Explanation: If a person is...
A younger investor who has enough time to regain their money in case of loss might want to choose a risky investment portfolio. Most experts agree that a portfolio heavily weighed to stocks is considered riskier than other types. Explanation: According to FinancesOnline.org, the most common types of investment instruments that...
The law of demand is a term used in microeconomics, which states that when other things that affect demand held constant, quantity demand and price of a good or service are inversely related to each other. When a price for a product falls, the demand for the same product increases,...
The monument was built in 1832 as a tribute to the memory and respect of the first US president, George Washington, on his anniversary. Today many historians are trying to answer the question: was the Washington Monument built by slaves? There is no straightforward answer to this question, and it...
Frustration aggression theory is a phycological explanation that states that aggression is a possible outcome of blocking someone’s attempts to achieve a goal, and of frustration. Explanation: The frustration-aggression hypothesis was first proposed by a group of psychologists from Yale University: Neal Miller, John Dollard, Leonard Doob, Robert Sears, and...
The Benedictine rule offers a comprehensive directory for reaching the main idea of both spiritual and physical well-being of a monastery or monk. The latter is expected to integrate manual labor, prayer, and study into a daily routine. Developed by St. Benedict in AD 480-550 for monks in the abbey...
Reconstruction may be defined as a period in the history of the United States after the Civil War that is characterized by significant political, economic, and social changes connected with the abolition of slavery. Unfortunately, it may be regarded as a failure due to its rejection by white southerners and...
There are three basic types of federalism. They are dual federalism, cooperative federalism, and confederation. Some scholars include some other models on the list. The additional types are fiscal federalism, creative federalism, and new federalism. Explanation: The main types of federalism are dual federalism and cooperative federalism. Dual federalism draws...
Marginal thinking is a process of evaluating whether the cost of one more unit is less than its benefits. Explanation: Marginal thinking involves the analysis that goes into decision-making. It means thinking about what consequences will follow after the adoption of a decision. For instance, it is when someone decides...
The contribution income statement is an instrument that demonstrates whether a business has generated some revenue over a particular period of time. In other words, contribution income statements are used to measure the performance of a company by dealing with variable and fixed expenses. Explanation: To begin with, one should...
Quartering Act presented a series of Acts of the British Parliament requiring the American government to supply British soldiers with accommodation, food, and drink. The date of the act’s issue was May 3rd, 1765. The Quartering Act was a part of the Munity Acts, which presupposed an annual update. Explanation:...
Patrick “Pat” Farrah is an American former retail executive who is a co-founder of Home Depot, America’s famous retail giant. Explanation: Thanks to Pat Farrah’s merchandising skills, he became famous in the retail domain and was a significant figure in the growth of the USA’s niche firm. Born in Southern...
The abbreviation CFO stands for Chief Financial Officer, who is an official whose responsibilities include managing financial activities of companies. The financial director also carries out business planning, monitors the movement of finances, analyzes the financial condition of the company, its strengths, and weaknesses in this regard, and makes proposals...
The correct answer is C. An incandescent light bulb produces a continuous visible spectrum. Explanation: Visible light spectrum is the term used to define the range of wavelength that can be discerned by the human eye. However, the vast share of electromagnetic waves are invisible to humans. Below is the...
In a unitary system of government, local offices have equal power with the central government. Explanation: There are three structures of government; they include the unitary, federal, and confederate ones. The unitary system is determined by the fact that local offices have equal power with the central government, which means...
A currently unattainable production. Explanation: A production possibility curve, or PPC, also known as production possibility frontier or PPF, is the representation of the amounts of goods and services an economy can produce using the given technology and resources. PPC is used to analyze the amount of production that would...
C. High levels of education. Explanation: A standard of living can be defined as the level of the population’s comfort, wealth, and the availability of goods and necessities. Standards of living are often used to compare countries or nations; for instance, in China, they may be higher than in Kenya...
B. The FITT principle helps individuals choose the types of activities that will be most enjoyable for them is the correct answer. Explanation: FITT stands for Fitness, Intensity, Time, and Type, which are all essential to exercise planning. Effective personal fitness requires the development of a sound plan, and the...
One way that campaign workers communicate information during a campaign is by “canvassing”. Explanation: Canvassing is the practice of door to door visits to the homes of people to spread a campaign’s information. It is often employed in political campaigns, where the party’s representative or election candidate can engage voters...
C. The clause deals with specified powers that are ambiguous and misinterpreted. Explanation: The Necessary and Proper Clause, located in Article I, Section 8 of the Constitution, that gives the Congress to power to make any laws that are “necessary and proper for carrying into Execution the foregoing Powers, and...
Lee and Davis have been described as the best leaders of the Confederate side. The two were, however, very different in terms of strategy and deployment. Whereas Lee was calculating and liked open communication, Davis has been described as dictatorial. Lee would often take time to understand his opponents, the...
Gangrene is a condition that encourages the death of tissue cells. The most affected tissues are usually on the feet and arms. During the Civil War, Gangrene was very common due to poor treatment, thus, infection of battle wounds. Hygiene was not given much concern during the Civil war. Doctors...
Primates, especially chimpanzees, are always considered to be our ancestors. That is why their behavior is usually very attentively studied. One of the most interesting questions is whether they have their own culture. There is no use denying the fact that primates are social animals. Their behavior serves as the...
It is widely known that human beings descended from apes and anthropology is devoted to the investigation of this question. However, it is not as simple as it seemed at the first gaze. The linear view of our ancestors turned out to be not so clear and understandable. With the...
Photo identifications are the most unreliable eyewitness identification procedure and are the main reason behind increases in cases of mistaken identities. The main reason behind this revolves around poor encoding of information at the time of perception. This is influenced by a myriad of factors such as distance between the...
In the IS curve, interest rates are represented as a function of Gross Domestic Product (GDP). The initials I.S., in full, means the investment and saving equilibrium. It represents the locus points of all equilibriums; a point where total spending is equal to the total output of the economy (GDP...
The IS-LM framework can be used to assess the effect of exogenous factors on variables such as output and interest rates. A fall in autonomous investment may be caused by a loss in business or investor confidence. Based on the IS-LM model, lo or Co will decrease causing the IS...
An open economy is open to foreign trade of goods and services. An open economy means that there is a high demand for a country’s products abroad (exports) and a decrease in domestic demand for its products because of the imports. Thus, spending in an open economy is given by:...
The conclusions of surveys are typically drawn from the population samples. The sample representation of the population is essential, and it usually is being determined by the two most important statistics. These are the margin of error and the confidence interval. The confidence interval and the margin of error measure...
The high profitability of the soft drink industry is as a result of combined factors of top products’ demand and regional market monopolies. There are limited soft drink operators in the market, while the products themselves are complements of other foods and beverages. Low competitions and high market demands lead...
There’s a number of ways you can produce a well-written essay of required length regardless of what your source is. First things first, stick to the basic essay structure: introduction, background information, main thesis, arguments, and conclusion. This step alone will help you make your writing more convincing and concise....
The role of education cannot be overestimated. Education is what gives people the possibility to become better and grow as personalities. It is believed that one cannot open his or her individuality without being educated. Two reasons predetermine the importance of education. First, people can develop only with the help...
a. The rules of Pauling’s relating crystal structures are: bonding strength, coordination of the polyhedral, linkage for polyhedral, cation evasion, environment homogeneity. b. Na2O When two sodium atoms combine to form a molecule, they share two electrons. Each atom then has a complete shell of eight electrons. The electron structure...
a. A fixed salary allows the manager to focus on long-term and safe company operations. However, it does not offer any incentives for maximizing the value of the company. b. Company stock as a form of compensation helps align the manager’s interest with the interests of shareholders. However, this option...
Both Josef Hoffmann and Rennie Mackintosh were mostly influenced by the Arts and Crafts Movement and art nouveau. The main reason is that they actively created their own unique style by blending and mixing the key features of the mentioned movements. They both were mostly interested in interior and furniture...
The product lines and styles will be affected by the consumers’ social differences in numerous ways. First, it is expected that the upper-middle class will need not only functional furniture but also extra pieces for purposes of décor as they have more money. The store that targets the middle and...
Banks earn money by taking it from savings and checking accounts of their customers and lending to other customers who pay higher interest rates. Other sources of banks’ profit are interchange and banking fees that help to cover the cost of major services. Explanation: Banks make most of their money...
The residents of the American colonies were divided by the Revolutionary War into two groups: the patriots and the loyalists, or Tories, as they were also called. The patriots wanted their own country to obtain independence from the British Empire. The loyalists did not want to break away from Britain...
Variable expenses show what amount of money was spent on a person’s needs and change week-over-week, month-over-month. Fixed expenses stay the same almost all the time and are usually paid on the same date. As these expenses differ from each other, it is essential to know how while planning one’s...
The economic system represents a combination of methods, means, and ways that help to organize the production of goods and services, its distribution, and allocation within one territory. In general, economic systems regulate different factors in economics, such as capital, labor, physical resources, and entrepreneurs. Nowadays, economists reveal four types...
Price skimming is a type of pricing strategy aimed at setting a high price to maximize profit when a new, much improved, or innovative product is launched onto a market. Explanation: The objective of price skimming is to skim off the first waves of revenue from those prepared to pay...
The Cannon-Bard theory is a psychological explanation of emotions. Its main concept is that bodily arousal and emotional experience occur simultaneously. In the cannon-bard theory, the thalamic area of the brain is the key player. Explanation: The Cannon-Bard theory was developed in 1927 by psychologist Walter Cannon and his doctoral...
Intermediate directions is a term used to define the 4 points on a compass, which stand for north-west, north-east, south-east, and south-west. These parameters are widely used in geography, cartography, and other related sciences. Explanation: There are two types of directions utilized in geography. Everyone is familiar with North, South,...
The impact of the Commercial Revolution on the world economy has contributed to the expansion of trade borders, the creation of a single currency for accounting, and the development of international entrepreneurship. Explanation: The definition of a commercial revolution can be attributed to the period of economic expansion of Europe....
The history of the United States of America is rich with many different events. One of them is the Credit Mobilier scandal that erupted in 1867 and was exposed by the New York Sun in 1872. The Credit Mobilier scandal destroyed the careers and reputations of several Gilded Age politicians...
The purpose of the government is to maintain peace among the states, create markets, and control the functioning of commerce. The government can perform such functions due to the developed government system with the help of the Constitution. Explanation: The government system in the US is unique as it is...
GDP can be calculated using the expenditure approach, which is based on the spending amount in the country. Explanation: The country’s GDP (general domestic product) features many economic indexes and provides information on the level of the country’s economy. There are several ways to calculate the country’s GDP, and the...
Historians are used to consider the Manchurian incident as the seizure of the Chinese town of Mukden in September 1931, followed by the intervention of Japanese troops into Manchuria. This historical event is often called the Mukden incident as well. Explanation: To justify the invasion into the territory of Northeast...
The Fredonian Rebellion (December 21, 1826-January 31st, 1827) was caused by a will of Anglo settlers of Texas to alienate from its Mexican part as new immigrants were moving into their land. Explanation: The Fredonian Rebellion was a brief uprising of Anglo settlers in the Mexican part of Texas to...
The purpose of a tribute speech is to celebrate a specific person’s accomplishments while also taking into consideration their contribution to society or organization. Explanation: The word tribute comes from the Latin tributum, which means “contribution.” The initial meaning of this word implied that there was one party that showed...
The card stacking propaganda is a technique which can be used in politics or marketing in order to appeal to the listeners by way of exaggerating positive fact and omitting negative information. Explanation: Card stacking is a form of propaganda, used in marketing, different advertisements, political speeches, and campaigns. Card...
The Cost of Goods Manufactured (COGM) formula is used to calculate the total expenses of manufacturing a product. Explanation: The production of goods involves expenses, which need to be calculated in order to understand a company’s income and residue. The COGM formula examines the expenses related to producing finished goods,...
Payday loans have the highest interest rates out of different payment methods. Explanation: Different payment methods have different benefits, but the downside of many of them if the interest rates charged for their usage. Trying to decide, what is not a common credit card fee, card users attempt to avoid...
Marginal cost is defined as the cost of production of an additional unit of a good or a service. The figure is calculated at a given level of output and indicates the amount of inputs required to increase outputs by a specific constant. Explanation: Total costs of production can be...
The monetary unit assumption is an accounting principle which states that all economic events and business transactions should be reflected in monetary terms. In other words, all such events and transactions have a monetary dimension into which they should be converted and then reported on the financial statements. Explanation: The...
Total manufacturing cost is the sum of costs of all resources consumed in the process of manufacturing goods. Explanation: Here is the formula for total manufacturing cost: Total manufacturing cost = Direct materials cost + Direct labor cost + Manufacturing overhead. Manufacturing overhead or overhead costs are all indirect costs...
Krista and Tatiana Hogan are Canadian conjoined twins who were born joined by their heads, which is a very rare case in medicine. The importance of the lives of these sisters to neuroscience is due to their ability to share the senses of each other through the brain. Explanation: Two...
John Muir states that the reason why do people cut down trees is that they the given process creates a vast open space for agricultural needs, such as cattle farmlands. However, due to his naturalist views, he is greatly displeased and opposes the deforestation. Explanation: John Muir deserves the right...