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[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is Empirical Evidence?Definition: Any evidence that is obtained from data is referred to as empirical evidence. This information can then be used to test a particular hypothesis or belief. At times, the empirical evidence that has been gathered...

What is an Endowment Fund? Definition: An endowment fund is an investment held by a nonprofit. The money that the fund generates is used to fulfill the objectives of the institution. Typically, hospitals, universities, museums, and churches meet a part or all of their expenses from the...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]What is Equilibrium?Definition: A state of equilibrium is said to be achieved when the supply and demand for a product are equal. At this point, prices are stable.What does Equilibrium mean?In a free market, prices tend to rise when...

What are Equivalent Units of Production? Definition: Equivalent units of production are partially completed units expressed in terms of finished goods. At the end of an accounting period, a manufacturer may have a certain quantity of work-in-progress. These goods, which are only partially made, could be said...

What is Estate Tax? Definition: Estate tax is the tax that is required to be paid to the government when a person dies. It is levied by the federal government as well as some states. What does Estate Tax mean? All your possessions including the assets that you...