What is Sensemaking Theory? Sensemaking or sense-making is the process by which people give meaning to their collective experiences. It has been defined as "the ongoing retrospective development of plausible images that rationalize what...

Security Interest in Consumer Goods purchased from Consumers

Security Interest in Assignment of Accounts Receivable or Contract Rights

Secured Party Priority in Future Advances to a Debtor

Agents have the authority to act on behalf of the principal. The scope of this authority, however, is limited. This video explains what is the Scope of an Agent's Authority and how is that authority limited.

Revenue is generally recognized when the transfer of ownership or title occurs. For goods, this happens at the Point of Sale. There are, however, scenarios in which revenue is recognized as a later point.

A sensitivity analysis is used to test how variations in specific factors affect an outcome. The assumptions employed as part of the situational analysis are generally based on historical information, hypotheical contexts, and constancy

Transfer pricing is applicable to the transfer of goods and services between mutually-controlled entities. This video explains transfer pricing and provides guidance with regard to policies that comply with treasury regulations.

What are some approaches to managing problem team members?

Unethical tactics are those meant to deceive or harm others with no overwhelming individual or societal good that outweighs the harm of deceit.

Trade-offs that require each group member to offer another member a concession on one issue, while receiving a concession from another group on a different issue. Reciprocal Trade-offs - A trade-off fashioned between two parties where...

What is the Thinker's Keys? How is the Thinker's Keys used as a creativity pool? The Thinkers Keys are 20 powerful strategies for teaching children to think. Specifically designed to be used by 8 to 14 year-olds, they are placed into two...

Methods of Perfecting a Security Interest in Personal Property

This Video Explains Characteristics Common to All Negotiations

What is a Change Agent? In business, a change agent is an individual who promotes and supports a new way of doing something within the company. This can be the use of a new process, the adoption of a new management structure or the...

Companies often employ differing policies concerning whether to capitalize the purchase of assets or expense the purchase in a given year. This video explains the effects of a capitalization policy on the financial statements.

What is the Bridging Epistemologies Framework? The framework Cook and Brown helps to think of knowledge in an organizational context and understanding why and how we know things collectively. Their model strengthens the link between...

What is the Cynefin Framework? The Cynefin framework (Figure 1 below) is a problem-solving tool that helps you put situations into five "domains" defined by cause-and-effect relationships.

When do investors or founders contribute intellectual property to a startup in exchange for an ownership or equity interest? When the company is formed, the founders are typically issued common stock in the company in exchange for the...

A constituent is someone or a group on the same side of the negotiating party but who exerts an independent influence on the outcome through the principal negotiator, or to whom the principal negotiator is accountable.

Role congruity theory proposes that a group will be positively evaluated when its characteristics are recognized as aligning with that group's typical social roles.

Tax credits reduce the liability of a taxpayer. That is, it reduces the amount of taxes owed. This is different than a deduction, which reduces the taxable income of a taxpayer.

The Influence Model, also known as the Cohen-Bradford Influence Model, is based on the law of reciprocity – the belief that all of the positive and negative things we do for (or to) others will be paid back over time.

What is Cognitive Dissonance? In the field of psychology, cognitive dissonance is the perception of contradictory information and the mental toll of it. Relevant items of information include a person's actions, feelings, ideas, beliefs,...