ALL - General Knowledge (1st Year)

Question 1

Positive Feedback Loop

Answer 1

A positive Feedback Loop is self-reinforcing. Unlike a negative feedback loop, which works to stabilize a system, a positive feedback loop drives the system further away from its original state. Positive feedback loops can have both beneficial and detrimental effects depending on the context in which they occur. They are often involved in processes such as growth, development, and self-reinforcing behaviors.

Question 2

Negative Feedback Loop

Answer 2

The negative feedback loop is self-correcting. It essentially works to dampen or reverse any deviation from the desired state. It helps maintain stability and prevents excessive fluctuations in the system.

Question 3

CAGR

Answer 3

Compound annual growth rate, or CAGR, is the mean annual growth rate of an investment over a specified period of time longer than one year.

Question 4

WACC

Answer 4

Weighted average cost of capital

Question 5

Negative Externalities

Answer 5

Something that impacts a person or people who are uninvolved in a situation. In economics, the imposition of a cost on a party as an indirect effect of the actions of another party.

Question 6

Tribal Knowledge

Answer 6

Tribal knowledge is knowledge that is known within an in-group of people but unknown outside of it. Especially important if you are transferring a task from one team to another (OM725 - Larry)

Question 7

Root Cause Analysis

Answer 7

The process of discovering the root causes of problems in order to identify appropriate solutions. Do it with a team - map it out. ASK WHY at each level to get to root cause. Goodle