...that André Meyer quit school at age 16 to work as a messenger boy, and was later described as "the most creative financial genius of our time in the
investment banking world" by
David Rockefeller?
...that Valrhona, a company based in the small town of Tain l'Hermitage in the
Rhône Valley in
France, is one of the world's leading manufacturers of high-quality
chocolate?
... that the Automotive Electronics Council is an organisation based in the USA that sets qualification standards for the supply of components in the
automotive electronics industry.
... that Hollywood accounting is the practice of distributing the
profit earned by a large project to
corporate entities which, though distinct from the one responsible for the project itself, are typically owned by the same people, with the net result of reducing the project's profit by a substantial margin, sometimes even eliminating it altogether.
...that EID Parry is one of the oldest business entities in the Indian subcontinent and owes its origin to
Thomas Parry, a
Welshman who came to India in late 1780s?
... that an agrarian society is one that is based on
agriculture as its prime means for support and sustenance?
...that, according to historical legend, Laissez-faire stems from a meeting in about 1681 between the powerful French finance minister
Jean-Baptiste Colbert and a group of French businessmen led by a certain M. Le Gendre?
...that Antoine Augustin Cournot derived the first formula for the rule of
supply and demand as a function of price and in fact was the first to draw supply and demand curves on a graph in his Researches on the Mathematical Principles of the Theory of Wealth?
...that the Toyota Production System (TPS) developed by
Toyota, that comprises its management philosophy and practices, organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers?
...that Luca Pacioli, codified the
double-entry bookkeeping system in his mathematics textbook Summa de arithmetica, geometria, proportioni et proportionalità published in Venice in 1494?
...that, as of August 2008, more than 113 countries around the world, including all of Europe, required or permitted IFRS reporting and 85 required IFRS reporting for all domestic, listed companies?
...that in the circular flow model, the inter-dependent entities of producer and consumer are referred to as "firms" and "households" respectively and provide each other with factors in order to facilitate the flow of income?
...that the balance of payments of a country is the record of all economic transactions between the residents of a country and the rest of the world in a particular period?
...the term petrodollars was coined by
Ibrahim Oweiss to describe dollars that did not circulate inside the
United States, and therefore were not part of the normal money supply, and instead were received by petroleum exporting countries (
OPEC) in exchange for
oil?
... that the GDP deflator (implicit price deflator for GDP) is a
price index measuring changes in prices of all new, domestically produced, final goods and services in an economy.
...that, unlike the accounting systems that help in the preparation of financial reports periodically, cost accounting systems and reports are not subject to rules and standards like the
Generally Accepted Accounting Principles?
... that at the time of her completion in 1918,
Americancargo shipWest Lianga held the distinction of being both the fastest-
launched and the fastest-constructed ocean-going ship in the world?
... that The New York Times moved in 1858 to a building at 41 Park Row, making it the first newspaper in
New York City housed in a building built specifically for its use?
... that
Italy is the third largest producer of
wine in the world?
...that Calouste Gulbenkian was known as Mr. Five Percent because he retained 5% of the shares of
Royal Dutch/Shell, the second-largest corporation in the world by revenue, which he participated in the formation of in 1907?
...that Nobel laureate Amartya Sen's publications in the 1960s and 1970s helped develop
social choice theory, which first came to prominence in the work by the American economist
Kenneth Arrow?