Examlex
Long-term loans (10 or more years) require collateral but are generally available as an option to new businesses.
Perceptual and Behavioral Decision Traps
Cognitive biases or errors in judgment that can lead individuals to make irrational decisions.
Satisficing
A decision-making strategy that entails selecting the first option that meets a minimum threshold of acceptability, rather than searching for the optimal solution.
Outsourcing
The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.
Complex Integration
In mathematics, it refers to the process of performing integration for complex functions; in systems theory, it involves the incorporation of various components into a coherent whole.