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Opportunism is the conscious policy and practice of taking advantage of circumstances. [1]Although in many societies opportunism often has a strong negative moral connotation, it may also be defined more neutrally as putting self-interest before other interests when there is an opportunity to do so, or flexibly adapting to changing circumstances to maximize self-interest (though usually in a ...
cachet. lit. "stamp"; a distinctive quality; quality, prestige. café. a coffee shop (also used in French for "coffee"). Café au lait. café au lait. coffee with milk; or a light-brown color. In medicine, it is also used to describe a birthmark that is of a light-brown color (café au lait spot). calque.
"Arbitrage" is a French word and denotes a decision by an arbitrator or arbitration tribunal (in modern French, "arbitre" usually means referee or umpire).In the sense used here, it was first defined in 1704 by Mathieu de la Porte in his treatise "La science des négociants et teneurs de livres" as a consideration of different exchange rates to recognise the most profitable places of issuance ...
A variation of affirmative action more common in Europe is known as positive action, wherein equal opportunity is promoted by encouraging underrepresented groups into a field. This is often described as being " color blind ", but some American sociologists have argued that this is insufficient to achieve substantive equality of outcomes based ...
e. Claude-Frédéric Bastiat ( / bɑːstiˈɑː /; French: [klod fʁedeʁik bastja]; 30 June 1801 – 24 December 1850) was a French economist, writer and a prominent member of the French Liberal School. [ 1] A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and introduced the parable of the ...
Charrette. A charrette (American pronunciation: / ʃɑːˈrɛt /; French: [ʃaʁɛt] ), often Anglicized to charette or charet and sometimes called a design charrette, is an intense period of design or planning activity. The word charrette may refer to any collaborative process by which a group of designers draft a solution to a design problem ...
The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. [ 2] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth ...
Opportunity cost is a basic microeconomics concept, maybe one you learned in a long-ago and hazily recollected 8 a.m. Econ 101 lecture. If you need a refresher, opportunity cost is the benefit you ...