The Fair and Accurate Credit Transactions Act (FACTA) was passed in 2003 to address identity theft. It provides free annual credit reports, fraud alerts, and requires financial institutions to monitor account activity. Implementation has been slow, with some components designed to be implemented over time. The Fair and Accurate Credit Transactions Act of 2003 (FACTA […]
A fair trial is a legal and ethical concept that ensures the defendant’s rights are respected, the trial is conducted according to due process, and the sentence is passed by a neutral body. It is codified in bills of rights and requires the neutrality of the judge or jury and fair treatment of the defendant. […]
According to Stanford University researchers, a standard penny with Lincoln’s head is heavier on one side, causing it to land tails up about 80% of the time. An older dime with dirt and oils may affect the outcome. It takes five or seven shuffles to put a deck of cards into a mathematically random order. […]
Determining reasonable compensation for employee-shareholders in S or C corporations is important to avoid IRS audits. Companies should establish policies and consider factors such as education and experience levels, hours worked, and industry standards to set salaries. Unreasonable compensation, such as zero pay or excessively high wages, can trigger IRS problems. Many people who work […]
Fair commentary is a legal defense for libel, slander, and defamation lawsuits in the US, Canada, and UK. It protects opinions based on fact and made in the public interest. To qualify, opinions must be honest, without malice, and based on factual statements. Journalists often rely on fair commentary to protect themselves from lawsuits. Correct […]
The fair value of a stock can be calculated using present value and projected earnings, with smart investors looking for a reasonable value above the purchase price or acceptable price-earnings ratio. Financial analysts determine fair value by comparing a company’s financial statements and projecting future earnings. The fair value can also be determined by a […]
Fair trade aims to be sustainable, productive, and beneficial to workers, communities, and the environment. It focuses on benefiting producers in developing countries and ensuring fair wages, safe working conditions, and environmentally friendly production. Consumer education is important, and there are two types of fair trade: integrated supply chain and product certification. Despite higher prices, […]
Fair trade gifts are available in various forms, including clothing, jewelry, chocolate, fruit baskets, and coffee. While some items may not be found in physical stores, they can be purchased online. Fair trade products benefit disadvantaged manufacturers and farmers while offering quality goods. There are many different types of fair trade gifts, including clothing and […]
A job fair is an event where potential employees can meet with employers and hand out resumes. They are often held on college campuses or in communities and can lead to job interviews. Online job fairs also exist. A job fair, also called a career fair, is an event to introduce potential employees to employers […]
A trade show coordinator manages all aspects of a trade show, including venue setup, food and beverage handling, attendee and vendor needs, audio-visual equipment setup, marketing and promotion, and budget. They often supervise a team and work with organizers to understand specific needs and budget. A trade show coordinator is responsible for managing all aspects […]
The fair value of a bond is determined by calculating the present value of all expected future cash flows, using variables such as time to maturity, discount rate, coupon rate, and face value. The time value of money principle is used, and the formula is P = C / (1 + r) + C / […]
A book fair is an event where books are sold, often accompanied by author events and lectures. They can be standalone or part of a larger event, with vendors paying for retail space. Book fairs can have themes and are held throughout the year in various locations. A book fair is a sales event that […]
To become Fair Trade certified, businesses must meet standards set by Fairtrade Labeling Organizations International (FLO). FLO-CERT audits organizations to ensure compliance, and if approved, companies can use the Fair Trade Certified mark. Common products certified include coffee, tea, chocolate, and fruit. To become Fair Trade certified in the United States or Canada, a business […]
Equitable pay aims to provide equal pay for equal work regardless of class, creed, race, or gender. Governments create laws to ensure equal pay, but it may not be an easy measure. Equitable remuneration ensures good faith practice and is commensurate with an individual’s performance. Free market economic theory suggests minimum wage laws are unnecessary. […]
A trade show is a meeting for companies in a specific industry to display their products and services. Exhibitors rent space in a convention center to set up booths, and the show organizers provide basic assets. Attendance may be open to the public or limited to registered visitors. Virtual trade shows have also gained popularity. […]
Fair trade products are popular with those concerned about fair compensation and the environment. Advocates cite benefits such as fair compensation, quality, and environmentally friendly processes. Critics argue that quality is no different and the market is small. The decision to purchase fair trade products depends on the product and circumstances. The question of whether […]
The Fair Credit Billing Act protects US consumers from unfair billing practices by creditors on open-end accounts like credit cards. Consumers have the right to dispute billing errors and are not liable for unauthorized charges or charges for goods or services never received. Creditors must investigate disputes and resolve them within two billing cycles. Consumers […]
Growth at a reasonable price (GARP) combines value and growth investing to identify investment opportunities with a narrow criteria, aiming for significant returns with reasonably low risk. The strategy involves identifying firms with slightly higher growth patterns than general reference levels and qualifying them based on current valuations. The approach can be used for short-term […]
The idiom “fair and square” means winning without cheating or unscrupulous methods. It can be used in contests, business dealings, and to denote a clear victory. The phrase has been around for over 500 years and derives its meaning from the figurative meaning of “square” as honest. If someone wins something “right and proper,” it […]
