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What are Garnished Wages?

If you owe money to another it is sometimes possible for this to be deducted from your salary. Garnished wages refer to any money that is taking from your pay check for this purpose – it can also be deducted from other payments such as royalty checks. In most instances this situation will occur because a court has ordered it to be done; it could be to pay child support or to settle monies awarded by the court. If the payroll of a company receives an order to garnished wages then they must comply with this.

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What is a 501(c)3?

Not all corporations are created to make profit. There are some enterprises where the main goal is to provide some type of service to the public. This type of organization will use a 501(c)3 to set themselves up as a charity.  Once an entity has this 501(c)3 it means that they are then exempt from most federal income taxes. In order to become eligible for such status the organization will have to meet certain criteria set down in law. Once this status has been granted it means that the organization is a legal entity responsible to the public.

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What is a Just In Time Inventory?

All businesses will work hard to keep their costs to a minimum. There is usually savings to be made in every aspect of an operation and one of areas where there will be interest in making savings will be the inventory process. Just in Time (JIT) inventory is all about managing the inventory process so that costs are kept to a bare minimum and that everything occurs as efficiently as possible. JIT is about looking for any wastage and removing this where possible. The overall goal is to get the highest possible return on the money invested in inventory.

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What is Strategic Human Resource Management?

Humans are the most important resource that a company can have. In order for a business to be successful it is vital that the right people are doing the right job. Deciding which people are the right ones for the job takes a lot of skill and expertise. This is why there is a growing demand for strategic human resource management. Having the best people in a team will give a company an edge of their competitors.

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What Is a Private Equity Firm?

A private equity firm specializes in high risk investments that can produce impressively high rewards. They deal in those assets that aren’t normally available to the public to buy. Such a firm is made up of a collection of individuals who have joined forces to invest in this type of asset. Those who manage the investment will be rewarded with a share of the profits and a management fee.

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What is a Leaseback?

A leaseback refers to a situation where we sell an asset to somebody else and then lease it back off them. This may seem like an odd thing to do but there can actually be a few advantages in doing this. For one thing, it means that you can still enjoy the benefits of this asset even though you don’t actually own it anymore. In a lot of situations having the use of something is a lot more important than actually having ownership of it.

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What is a Cost Structure?

When a business manufactures a product or creates a service there will always be certain costs involved. The nature of these costs will depend on the exact product or service being offered. Cost structure refers to the way that all the different costs are distributed throughout the process of creating a good or service. It will include such things as paying for the resources needed to make the product and other costs such as labor and electricity. The money spent marketing and delivering the item will also be included in this too.

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Top 5 Best Business Strategy Books Reviewed

Business strategy involves the steps a company will take to reach their goals and usually involves three main elements; analysis, integration, and implementation. Getting the right business strategy is vital because success will often depend on this. Luckily there are plenty of knowledgeable experts out there who are willing to share their knowledge. Here are (in our opinion) the top 5 best business strategy books reviewed.

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