Permutation Definition.

A permutation is an arrangement of items in which the order is important. For example, the permutations of the letters A, B, and C are ABC, ACB, BAC, BCA, CAB, and CBA. The number of permutations of n items is n factorial, which is written as n! and pronounced “n factorial”. For example, there are … Read more

What Is the Statute of Frauds?

The Statute of Frauds is a law that requires certain contracts to be in writing in order to be enforceable. The rationale behind this law is to prevent fraud and to ensure that contracts are not created based on false promises. The types of contracts that are typically covered by the Statute of Frauds include … Read more

How Capital Requirements Keep Your Savings Account Safe.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds deposited in banks and savings associations in the event of their failure. The FDIC is funded by premiums that it charges to the banks and savings associations that it insures. Banks and savings associations are required … Read more

What is buying behavior?

One of the most important concepts in marketing is that of buying behavior. It has a lot to do with the way people act, so we could think that this term is psychological (and it is), but because it moves in an economic field we can also indicate that it has to do with economía. … Read more