Topic Review
Competitive Agri-Food Supply Chain
Competitive agri-food supply chain (hereafter, AFSC) is an important component of AFSC. In a competitive environment, more and more AFSCs use blockchain-based traceability services (hereafter, BBTS) to improve the traceability level of agricultural products.
  • 502
  • 27 Oct 2022
Topic Review
Environment Information Disclosure in Sub-Saharan Africa
Africa comprises the bulk of struggling economies. However, Sub-Saharan Africa is experiencing rapid industrialization and urbanization. Excessive resource use, pollution, and the absence of relevant environmental disclosure are factors that contribute to these human-made damages. Environmental pollution as a threat to sustainable development results from these damages. Although it has been established that Sub-Saharan Africa would benefit from resource-management development, sustainable environmental strategies, and a reduction in urbanization and persistent poverty, the information on these issues has not been made public.
  • 322
  • 27 Oct 2022
Topic Review
Internet Taxes
In 1996, several U.S. states and municipalities began to see Internet services as a potential source of tax revenue. The 1998 Internet Tax Freedom Act halted the expansion of direct taxation of the Internet, grandfathering existing taxes in ten states. In the United States alone, some 30,000 taxing jurisdictions could otherwise have laid claim to taxes on a piece of the Internet. The law, however, did not affect sales taxes applied to online purchases. These continue to be taxed at varying rates depending on the jurisdiction, in the same way that phone and mail orders are taxed.
  • 900
  • 26 Oct 2022
Topic Review
Big-Box Store
A big-box store (also supercenter, superstore, or megastore) is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The store may sell general dry goods, in which case it is a department store, or may be limited to a particular specialty (such establishments are often called "category killers") or may also sell groceries, in which case some countries (mostly in Europe) use the term hypermarket. Typical architectural characteristics include the following: Commercially, big-box stores can be broken down into two categories: general merchandise (examples include Walmart, Kmart and Target), and specialty stores (such as Home Depot, Barnes & Noble, or Best Buy) which specialize in goods within a specific range, such as hardware, books, or consumer electronics respectively. In the late 20th and early 21st centuries, many traditional retailers—such as Tesco and Praktiker opened stores in the big-box-store format in an effort to compete with big-box chains, which are expanding internationally as their home markets reach maturity.
  • 2.4K
  • 26 Oct 2022
Topic Review
Banking as a Service
Banking as a Service (BaaS) (also: Banking-as-a-Service) is an end-to-end process ensuring the overall execution of a financial service provided over the Web. Such a digital banking service is available on demand and is carried out within a set time-frame.
  • 739
  • 26 Oct 2022
Topic Review
Personalized Marketing
Personalized marketing, or one-to-one marketing, individual marketing is a marketing strategy by which companies leverage data analysis and digital technology to deliver individualized messages and product offerings to current or prospective customers. Advancements in data collection methods, analytics, digital electronics, and digital economics, have enabled marketers to deploy more effective real-time and prolonged customer experience personalization tactics. Beginning in the early 1990s, web developers began tracking HTML calls that their websites were receiving from online visitors. This led to the 1993 founding of Webtrends, which is widely considered the first commercial web analytics solution. In 2012, the Web Analytics Association (WAA) officially changed its name to the Digital Analytics Association (DAA) in order to accommodate new and developing data streams that exist in addition to the web.
  • 379
  • 26 Oct 2022
Topic Review
Withholding Tax
A withholding tax, or a retention tax, is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, withholding tax applies to employment income. Many jurisdictions also require withholding tax on payments of interest or dividends. In most jurisdictions, there are additional withholding tax obligations if the recipient of the income is resident in a different jurisdiction, and in those circumstances withholding tax sometimes applies to royalties, rent or even the sale of real estate. Governments use withholding tax as a means to combat tax evasion, and sometimes impose additional withholding tax requirements if the recipient has been delinquent in filing tax returns, or in industries where tax evasion is perceived to be common. Typically the withholding tax is treated as a payment on account of the recipient's final tax liability, when the withholding is made in advance. It may be refunded if it is determined, when a tax return is filed, that the recipient's tax liability to the government which received the withholding tax is less than the tax withheld, or additional tax may be due if it is determined that the recipient's tax liability is more than the withholding tax. In some cases the withholding tax is treated as discharging the recipient's tax liability, and no tax return or additional tax is required. Such withholding is known as final withholding. The amount of withholding tax on income payments other than employment income is usually a fixed percentage. In the case of employment income the amount of withholding tax is often based on an estimate of the employee's final tax liability, determined either by the employee or by the government.
  • 397
  • 26 Oct 2022
Topic Review
Informal Methods (Validation and Verification)
Informal methods of validation and verification are some of the more frequently used in modeling and simulation. They are called informal because they are more qualitative than quantitative. Whereas many methods of validation or verification rely on numerical results, informal methods tend to rely on the opinions of experts to draw a conclusion. While numerical results are not the primary focus, this does not mean that the numerical results are completely ignored. There are several reasons why an informal method might be chosen. In some cases, informal methods offer the convenience of quick testing to see if a model can be validated. In other instances, informal methods are the best available option. In all cases though it is important to note that informal does not mean it is any less of a true testing method. These methods should be performed with the same discipline and structure that one would expect in "formal" methods. When executed in such a way, solid conclusions can be made. In modeling and simulation, verification techniques are used to analyze the state of the model. Verification is completed by different methods with the focus of comparing different aspects of the executable model with the conceptual model. On the other hand, validation methods are the methods by which a model, either conceptual or executable is compared with the situation it is trying to model. Both are methods by which the model can be analyzed to help find defects in the modeling methods being used, or potential misrepresentations of the real-life situation.
  • 1.2K
  • 25 Oct 2022
Topic Review
Recession of 1937–38
The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production, profits, and wages had regained their early 1929 levels. Unemployment remained high, but it was slightly lower than the 25% rate seen in 1933. The American economy took a sharp downturn in mid-1937, lasting for 13 months through most of 1938. Industrial production declined almost 30 percent, and production of durable goods fell even faster. Unemployment jumped from 14.3% in May 1937 to 19.0% in June 1938. Manufacturing output fell by 37% from the 1937 peak and was back to 1934 levels. Producers reduced their expenditures on durable goods, and inventories declined, but personal income was only 15% lower than it had been at the peak in 1937. In most sectors, hourly earnings continued to rise throughout the recession, partly compensating for the reduction in the number of hours worked. As unemployment rose, consumer expenditures declined, leading to further cutbacks in production.
  • 1.9K
  • 25 Oct 2022
Topic Review
Latin American World Model
The Latin American world model (LAWM) Bariloche Model is a mathematical and normative model, which was carried out by the Bariloche Foundation in Argentina between 1972 and 1975. This model set out to provide an alternative to Model III of the MIT – first model supported by the Club of Rome – called The Limits to Growth, which affirmed the existence of physical limits – particularly for the population and the economy – to take into account if wants to avoid a near catastrophic future. The LAWM, on the other hand, offers a roadmap for a desirable and also possible world, where conflicts can be overcome based on the principles of equity, civil participation, and non-consumerism, and where calculations and strategies are established to reach the welfare of every human being on a planetary level. For this, the mathematical modeling of the LAWM starts from the central concept of basic human needs, which is established as a key indicator of its construction. Unlike the MIT model, the LAWM considers that the problems to be solved are not given by physical limits, but mainly by an unfair distribution given by the abuse of power, at an intra- and international level. Both models consider that there will be potentially a universal crisis and that caring for the environment should be a priority. The LAWM was also supported by the Club of Rome, and both models were republished and updated on several occasions.
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  • 25 Oct 2022
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