QA/QC

The terms quality assurance (QA) and quality control (QC) are sometime used interchangeably. QA encompasses the necessary activities to ensure that a system, process, or work flow meets its objectives, for example, process audits or checklists. QC represents activities that measure the quality of a finished product or service. QC verifies established standards.
More Business and Management

John Maynard Keynes

In response to the Great Depression, British economist John Maynard Keynes introduced the idea that governments could intervene through monetary policy to mitigate the adverse effects of recessions, depressions, and inflation. So profound was this idea that an entire branch of macroeconomics called "Keynesian Economics" developed through the twentieth century.
More Business and Management

Credits, exemptions and deferrals

Most U.S. businesses must file and pay income tax. The tax code provides a variety of credits, exemptions and deferrals that allow some companies to pay less than others. Data-tracking company Capital IQ cited the following three companies that paid less than 1 percent of their earnings on taxes over a recent five year period: CMS Energy (0%), Chesapeake Energy (.3%), and Boeing (.7%).
More Business and Management

Nightly Business Report

Nightly Business Report (NBR) is the nation's most-watched evening business news program. Distributed by PBS, it is carried by more than 250 public stations across the nation. NBR premiered in 1979 as a 15-minute local news program. Over the years, NBR has received numerous awards, including its first national Emmy Award in 2005. Visit NBR online at pbs.org/nbr.
More Business and Management

Index of Lagging Indicators

The Index of Lagging Indicators is published monthly by The Conference Board. A lagging economic indicator changes after the overall economy has changed and reflects historical performance. Some examples are labor costs, business spending, the unemployment rate, the prime rate, outstanding bank loans, and inventory book value.
More Business and Management

General Partnership

A General Partnership is a legal business arrangement where two or more parties conduct business together. General partnerships provide a means of raising capital quickly and allow people to combine resources and expertise. Partners are personally liable for business debts and liabilities, and may also be liable for debts incurred, decisions made, and actions taken by the other partner or partners.
More Business and Management

Delaware

Almost half of all Fortune 500 companies are incorporated in the state of Delaware. Delaware’s business laws are some of the most flexible and pro-businesses laws in the nation. Also, the state's courts provide better corporate counsel than other courts due to their greater experience. Delaware charges no income tax on corporations not operating within the state.
More Business and Management