PRAM MODEL
A four-step model for negotiation that results in a win-win situation for both parties. PRAM is an acronym for Plans, Relationships, Agreement and Maintenance. The four sequential steps in the PRAM model are - adequate planning, building relationships, reaching agreements and maintaining these relationships.
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Days Sales Of Inventory - DSI
A method used by companies to measure its performance and it will give the investors to have an idea of how long the company will turn it inventory ...
Close Corporation Plan
Business buy-sell agreement stipulating the surviving stakeholders must acquire all of the shares the deceased owner or partner possessed. It outli ...
Stock Market
Marketplace where stocks of publicly held firms are issued and traded either through exchanges or over-the-counter (OTC) markets. The stock market ...
Degree Of Operating Leverage - DOL
A leverage ratio summarizing the effect an amount of operating leverage has on a company's earnings before interest and taxes. Operating levera ...
Dirks Test
A standard used by the Securities and Exchange Commission (SEC) to determine whether someone who receives and acts on insider information (a tippee ...
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Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
What is the Standard Moving Cost?
You concluded remodeling is expensive upon considering all important factors. So you decided to move to another house instead. But, is moving less ...
Introduction to Banking
Banking is an integral part of any financial system. In order to keep your money safe and start building wealth, you need a place where your funds ...
Student Loans: Repayment in Times of Financial Difficulty
One day, you are in the middle of a financial hardship. Unfortunately, you still have student loans to pay. What will you do? In times like these, ...
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