What Is a Social Good? A social good is something that benefits the largest number of people in the largest possible way, such as clean air, clean water, healthcare, and literacy. Also known as “common good,” social good can trace its history to Ancient Greek philosophers and implies a positive impact on individuals or society
What Is Social Capital? The term social capital refers to a positive product of human interaction. The positive outcome may be tangible or intangible and may include favors, useful information, innovative ideas, and future opportunities. Social capital is not held by an individual, but instead appears in the potential between social network connections between individuals. It
What Is Social Commerce? Social commerce uses networking websites such as Facebook, Instagram, and Twitter as vehicles to promote and sell products and services. A social commerce campaign’s success is measured by the degree to which consumers interact with the company’s marketing through retweets, likes, and shares. Key Takeaways Social commerce promotes products and services
What Is Social Economics? Social economics is a social science and a branch of economics that focuses on the relationship between social behavior and economics. Social economics is also referred to as socioeconomics. Social economics is primarily concerned with the interplay between social processes and economic activity within a society. Social economics may attempt to explain
What Is the Sinking Fund Method? The sinking fund method is a technique for depreciating an asset while generating enough money to replace it at the end of its useful life. As depreciation charges are incurred to reflect the asset’s falling value, a matching amount of cash is invested. These funds sit in a sinking
Who Is Allen Stanford? Robert Allen Stanford, who goes by Allen Stanford, is an American/Antiguan former banker that was convicted in 2012 of a Ponzi scheme following an investigation for securities fraud in excess of $7 billion. It was revealed that Allen Stanford had grossly misinformed his 50,000 investors about the level of professional management
Sir John Templeton was regarded as a contrarian investor and mutual fund manager who founded the Templeton Growth Fund in 1954. Templeton was an avid traveler and is known for his global investments. The John Templeton Foundation, founded in 1987, supports efforts to advance human well-being through scientific research and scholarship. Sir John Templeton died
What Is Stated Income / Stated Asset Mortgage (SISA)? A stated income-stated asset mortgage (SISA) loan application allows the borrower to declare their income without verification by the lender. These loans were designed to ease the application process for buyers who have incomes that are difficult to document, such as the self-employed and those who
What Was the Slovenian Tolar (SIT)? SIT was the currency abbreviation for the Slovenian tolar, the official currency of Slovenia from October 1991 until December 2006. Slovenia joined the European Union (EU) in May 2004, and in January 2007 the country adopted the euro as legal tender. Key Takeaways The tolar was the national currency
What Is Six Sigma? Six Sigma is a set of techniques and tools for process improvement developed by a scientist in the 1980s at Motorola. Its methodology focuses on statistical improvements to a business process and advocates for qualitative measurements of success. Six Sigma practitioners are business people who use statistics, financial analysis, and project
