What Is the Smart Traveler Enrollment Program? The Smart Traveler Enrollment Program is a service that allows travelers to register their trip with the nearest U.S. embassy or consulate. The Smart Traveler Enrollment Program (STEP) is a free service offered by the U.S. Department of State’s Bureau of Consular Affairs to U.S. citizens and nationals
What Is the Smeal College of Business? The Smeal College of Business is a business school located at the Pennsylvania State University. The school offers undergraduate degrees, as well as graduate programs such as the Master of Business Administration (MBA). The college is home to departments in many of the traditional business school areas, such
What Is the Security Market Line? The security market line (SML) is a line drawn on a chart that serves as a graphical representation of the capital asset pricing model (CAPM)—which shows different levels of systematic, or market risk, of various marketable securities, plotted against the expected return of the entire market at any given
What Is a Smokestack Industry? A smokestack industry is a traditional heavy manufacturing industry that produces large items or inputs into other industries. Examples include cars, shipbuilding, steel and other metals, chemicals, and heavy machinery. In short, it refers to any heavy manufacturing industry that has been around for decades. Such industries tend to cause
When paying off debt, there are different strategies that you may use to erase credit cards, loans, and other obligations. The debt snowball is a method of debt repayment in which a person lists all of their debts from smallest to largest (not including the mortgage), then devotes extra money each month to paying off
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
