Idle time is paid time that an employee, or machine, is unproductive that is a result of factors that can either be controlled or uncontrolled by management. It normally applies to full-time workers rather than consultants who typically have to bill for every hour of their time.
Anchoring and adjustment is a phenomenon wherein an individual bases their initial ideas and responses on one point of information and makes changes driven by that starting point. The anchoring and adjustment heuristic describes cases in which a person uses a specific target number or value as a starting point, known as an anchor, and subsequently adjusts that information until an acceptable value is reached over time. Often, those adjustments are inadequate and remain too close to the original anchor, which is a problem when the anchor is very different from the true answer.
An interpolated yield curve (I curve) is a yield curve derived by using on-the-run Treasuries. Because on-the-run Treasuries are limited to specific maturities, the yield of maturities that lies between the on-the-run treasuries must be interpolated. Interpolation is a way to determine the value of an unknown entity, often by using numerical analysis to estimate the value of that entity.
The Graham number is a figure that measures a stock’s fundamental value by taking into account the company’s earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued and thus worth investing in. The formula is as follows:
Demand-pull inflation is the upward pressure on prices that follows a shortage in supply. Economists describe it as too many dollars chasing too few goods.
A beneficial owner is a person who enjoys the benefits of ownership even though the title to some form of property is in another name.
The term average selling price (ASP) refers to the price at which a certain class of good or service is typically sold. The average selling price is affected by the type of product and the product life cycle. The ASP is the average selling price of the product across multiple distribution channels, across a product category within a company, or even across the market as a whole.
A beneficial owner is a person who enjoys the benefits of ownership even though the title to some form of property is in another name.
The term average selling price (ASP) refers to the price at which a certain class of good or service is typically sold. The average selling price is affected by the type of product and the product life cycle. The ASP is the average selling price of the product across multiple distribution channels, across a product category within a company, or even across the market as a whole.
Leadership in business is the capacity of a company’s management to set and achieve challenging goals, take fast and decisive action when needed, outperform the competition, and inspire others to perform at the highest level they can.