The idea that every employee tends to rise to his or her level of incompetence is known as what?

Business Trivia / October 16, 2025

The Peter Principle. A concept of incompetence levels was formulated by Dr. Laurence J. Peter and Raymond Hull in their 1968 book "The Peter Principle".

What denotes a "bull market"?

Business Trivia / October 15, 2025

Rising Stock Prices. In a "bear market", stock prices decline.

Where did Helen R. Walton, ranked 11th in the "Forbes" Top 100 Richest in the U.S. in 2006, make her billions?

Business Trivia / October 15, 2025

Wal-Mart. Helen R. Walton ranked 11th on "Forbes" 2006 Rich List was 86 years old in 2006 and was worth $15.3 billion.

What does "LIFO" stand for?

Business Trivia / October 14, 2025

Last In First Out. Since the 1970's, U.S. companies have tended to use "LIFO" which reduces their income taxes in times of inflation.

In the early 1950's, what did Sears market under the brand name "Allstates"?

Business Trivia / October 14, 2025

Automobiles. Sears' Allstate line included one car, and several scooters and motorcycles.

"Swissy" is jargon for what?

Business Trivia / October 13, 2025

Swiss Franc. The Swiss franc is the only version of the franc still issued in Europe.