Credit risk managers analyze the risk of loan applicants defaulting on loans, using factors such as credit scores, income, and employment history. They determine whether to extend credit, how much to extend, and at what rate. The advent of electronic credit checks has made the underwriting process easier, and advanced managers can establish appropriate standards […]
Independent directors provide an unbiased perspective in policy development and planning for a company. They cannot be associated with the company or its majority shareholders and receive no compensation beyond fees for attending board meetings. They monitor activities, represent shareholders, and can serve as a public relations tool. An independent director assists in policy development […]
Medical equipment manufacturers develop and produce medical products for commercial and individual customers, with extensive research and development. They can increase sales through educational programs and advertising, and revenue often comes from institutional sales. Some products are sold to individual consumers through certified resellers. A medical equipment manufacturer generally develops, produces and services medical products […]
A channel marketing manager oversees the process of transferring goods from the source through resellers to the end customer. They decide which channels to use and minimize conflicts between resellers. Channel sales and channel marketing are complementary components of a marketing business, often led by separate departments in larger companies. A channel marketing manager is […]
Military medics provide first aid and trauma care on the battlefield, as well as ongoing care for injuries and illnesses. They also serve in clinics and hospitals during peacetime, and are protected by the Geneva Convention. US military medics receive extensive training and may specialize in various medical fields. A military medic is a medically […]
An office supervisor manages staff, creates schedules, maintains supplies and equipment, and reports to upper management. They need organizational skills, customer service, and knowledge of office functions. They must ensure policies are followed, equipment is maintained, and tasks are not duplicated. They also need to be a good leader and communicator. Depending on the type […]
A property coordinator can work in real estate or film, finding locations and managing properties for multiple owners. No specific education is required, but basic skills in math, communication, and computer use are necessary. They can work independently or for a property management company, ensuring compliance with local laws and regulations. The term “property coordinator” […]
MIS executives are responsible for designing and implementing computer systems, developing policies, and managing employees. They work with other executives to identify challenges and find cost-effective solutions. MIS executives typically have degrees in computer science and business management and stay up-to-date with new technologies through seminars, workshops, and trade shows. Management information systems (MIS) are […]
A security supervisor manages a security department, including supervising personnel, monitoring equipment, training staff, and documenting incidents. They must be reliable, organized, and able to manage others effectively. They may need to carry a firearm and undergo special training. They are responsible for hiring, training, managing, disciplining, and firing other security staff members. They may […]
The Executive Director of Operations manages the day-to-day functionality of a nonprofit organization, reports to the Executive Director, and acts in their place when unavailable. This position is similar to the Chief Operating Officer in a for-profit corporation. As nonprofits grow, they may add this position to their executive level to take on management tasks […]
Mortgage consultants guide homebuyers through the mortgage process, assessing their financial situation to recommend the best mortgage type and negotiate terms. They are trained in financial consulting and may specialize in different types of mortgages or work with specific lenders. A mortgage consultant’s primary role is to guide homebuyers through the mortgage process. The consultant […]
Housing authorities provide rental housing or rental assistance to low-income families, older people, and people with disabilities. They manage public housing units and offer housing choice vouchers. Eligibility criteria and waiting lists vary. Applicants must visit their local housing authority offices to fill out paperwork and may need to attend workshops. A housing authority is […]
The marketing mix, or Four P’s, addresses product, location, price, and promotion. Promotion focuses on reaching the right consumers through advertising methods that connect with buyers and generate sales. Marketers use data to decide on advertising methods and incorporate information on product, place, and price to create ads that motivate customers to make a purchase. […]
Law librarians manage legal reference collections and assist clients with research. They work in law firms, schools, and public and private organizations, and are skilled in legal databases and terminology. Qualifications vary, but many have degrees in library science and law or political science. They may manage entire collections or provide research on legal issues. […]
Aviation psychologists provide counseling and support to airline pilots and flight crews to ensure their mental wellbeing and safety. They may also organize support groups and evaluate employees after traumatic events. Military aviation psychologists specialize in helping fighter pilots deal with the trauma of combat. An aviation psychologist provides counseling and other related services to […]
Elasticity in microeconomics measures how changes in the price of a good affect the quantity demanded by consumers. Highly elastic demand means a small price change results in a large change in quantity demanded, while inelastic demand means a small price change has little effect on quantity demanded. Elasticity helps companies make pricing decisions. Elasticity […]
A child support attorney ensures fair treatment of minors during divorce, custody, or guardianship negotiations. They negotiate monetary and non-monetary terms, advise on trusts and wills, and may be involved in paternity issues, surrogacy, and adoption. They aim to resolve cases through mediation or arbitration and may take legal action to enforce child support payments. […]
A family law attorney handles legal matters between people with a family relationship, including divorces, custody, child support, and adoption. They can also create documents to prevent future problems and may handle criminal matters in some situations. A family law attorney usually handles legal matters between people with a family relationship. Individuals who may be […]
Capital budgeting involves calculating the potential financial variability in revenue from a project or idea. The risk has three levels: independent risk, risk of contribution to the company, and systematic risk. Financial managers are primarily interested in systematic risk, which can be incorporated using the certainty-equivalent approach or the risk-adjusted discount rate. A company’s capital […]
The deck officer (OOD) ensures safe ship operation, communicates with the crew and reports to the commanding officer. They work closely with a team and must be aware of all ship operations and potential personnel issues. The OOD follows specific regulations when leaving their post. The deck officer (OOD) is an officer who reports directly […]
