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  2. Trickle-up economics - Wikipedia

    en.wikipedia.org/wiki/Trickle-up_economics

    The principle behind Obama administration's actions was referred to as trickle-up economics, [14] but the term bottom-up economics was also used for it. [15] On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act (ARRA), a $787 billion economic stimulus package aimed at helping the economy recover from the deepening worldwide recession. [16]

  3. Present bias - Wikipedia

    en.wikipedia.org/wiki/Present_bias

    Present bias is the tendency to settle for a smaller present reward rather than wait for a larger future reward, in a trade-off situation. [1] [2] It describes the trend of overvaluing immediate rewards, while putting less worth in long-term consequences. [3]

  4. Business plan - Wikipedia

    en.wikipedia.org/wiki/Business_plan

    For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.

  5. List of cognitive biases - Wikipedia

    en.wikipedia.org/wiki/List_of_cognitive_biases

    For example, when getting to know others, people tend to ask leading questions which seem biased towards confirming their assumptions about the person. However, this kind of confirmation bias has also been argued to be an example of social skill ; a way to establish a connection with the other person.

  6. Diseconomies of scale - Wikipedia

    en.wikipedia.org/wiki/Diseconomies_of_scale

    The concept of diseconomies of scale is the opposite of economies of scale. It occurs when economies of scale become dysfunctional for a firm. [ 1 ] In business, diseconomies of scale [ 2 ] are the features that lead to an increase in average costs as a business grows beyond a certain size.

  7. Contra proferentem - Wikipedia

    en.wikipedia.org/wiki/Contra_proferentem

    Contra proferentem (Latin: "against [the] offeror"), [1] also known as "interpretation against the draftsman", is a doctrine of contractual interpretation providing that, where a promise, agreement or term is ambiguous, the preferred meaning should be the one that works against the interests of the party who provided the wording.

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