What Is A Multinational Corporation? Definition: A multinational corporation is a firm with facilities, assets and operations in more than one country. While such corporations maintain a centralized head office, the robust nature of their operations sees them maintain and operate bases in a number of countries. Consequently, such corporations are often referred to as
What are the Paradise Papers? Definition: Paradise Papers refers to a massive leak of financial documents that showed the great lengths, politicians, world leaders, and celebrities are willing to go, to hide wealth in offshore accounts and avoid paying taxes. A German newspaper, Süddeutsche Zeitung, is the perpetrator behind the leak that contained 13.4 million
What is Non Controlling Interest? Definition: Non controlling interest is an ownership stake whereby an individual or an institution owns less than 50% stake in a company or business. The lack of controlling interest means an investor cannot control management decisions, but he or she can influence them. Most shareholders in public companies hold non-controlling
What is Objective Function? Definition: Objective function in commerce refers to a mathematical concept that seems to demonstrate the relationship between different factors that generate value. The objective function concept is particularly used in production processes to define production inputs with the goal of optimizing the production output. The objective function is therefore used to
What is Business Operations? Definition: Business operations are the activities that a business or firm engages in with the goal of converting raw materials into finished goods or services which are then made available to consumers. Every business or company has a series of activities through which it develops its products or services. For example,
What are Preferred Dividends? Definition: Preferred dividends are a type of dividends that are paid out to the shareholders who are owners of a company since a share is a unit of ownership. Shares are usually categorized as ordinary shares and preferred shares. The latter is the option that provides preferred dividends to shareholders owning
What is a Horizontal Merger? Definition: A horizontal merger is the combining of two companies in the same industry to increase efficiencies and marketshare. If you follow business news, chances are that you have heard of two companies coming together to form one entity so that they can operate more efficiently. If the two companies
What is a Land Flip? Definition: Land flip is a fraudulent real estate convention that occurs when several buyers are interested in a piece of land that is undeveloped. In this case, the property owner can collude with one of the buyer’s and sell him or her piece of land at an inflated price. In
What Is In-Kind Donation? Definition: In kind donation are gifts that donors give to non-profit organizations to facilitate their operation. Indeed, non-profit organizations involve themselves in activities that do not earn them income. These include caring for disadvantaged people like orphans and people with disabilities. Therefore, they need a constant flow of donations to keep
What is Lean Business Model? Definition: A lean business model is a business strategy that focuses on eliminating waste in operations and production process. The strategy entails integrating lean concepts in operations with a view of reducing waste and improving the quality of products. A lean business model goes a long way in fostering a