The Woulds of Wall Street

Question 1

Long Run (Economics)

Answer 1

A period of time where anything could be changed (far future)

Question 2

Short Run (Economics)

Answer 2

A period of time where not much could be changed (near future)

Question 3

Corporate Restructuring

Answer 3

The act of changing a company’s human structure, by hiring or firing new staff, which occurs often with stress

Question 4

Functional Structure

Answer 4

Every department or person does a different thing (tends to be smaller companies)

Question 5

Divisional Structure

Answer 5

Every service or project has different departments, which could do similar things (tends to be larger companies)

Question 6

Corporate Rebranding

Answer 6

Companies restructuring themselves to gain more customers, or to introduce a new product or service

Question 7

Franchising

Answer 7

A method of distributing products or services involving an outside party, who establishes the foundations for the business, in exchange for a royalty

Question 8

Crowdsourcing

Answer 8

Obtaining work, information and opinions from a large group of people online

Question 9

Peer-To-Peer

Answer 9

A decentralized model where two individuals interact to trade goods and services without a middleman

Question 9

Razor-And-Blades

Answer 9

A business model where one item is sold at a low price (could be free), to increase the sales of a related good

Question 10

Dropshipping

Answer 10

A business model that allows you to sell products online without ever owning or seeing that product

Question 11

Freemium

Answer 11

A business model where a company offers a simplified product or service and then charges for the full product/service

Question 12

Virtual Storefront

Answer 12

A form of interactive online media where customers can view and buy goods

Question 13

Value-Added-Reseller (VAR)

Answer 13

A company that resells products and services with upgrades to increase their value

Question 14

Pop-Up Shops

Answer 14

A temporary retail space that is typically used to introduce a new product line, test a new market or generate awareness for a product or cause

Question 15

Sabermetrics

Answer 15

The adoption of stats-based scouting of players instead of natural talent

Question 16

Moneyball

Answer 16

A world changing book that changed how most organizations use data

Question 17

Hypermarkets

Answer 17

A large store containing a full supermarket and a department store, in one building

Question 18

Secondary Succession

Answer 18

The recreation of an ecosystem through the expansion and growth of different species after a disaster (much quicker than Primary Succession)

Question 19

The Walmart Effect

Answer 19

The effect that a large hypermarket, like Walmart, can have on communities. This can be both positive and negative

Question 19

Climax Community

Answer 19

A fully mature ecosystem, with all of its intermediate species grown to maturity. This easily takes a century after the initial Pioneer Species are grown

Question 20

Sanctions

Answer 20

Penalties levied against a country. These can be things like travel bans, export restrictions, trade embargoes and asset seizures

Question 21

Foundation and Earth

Answer 21

Book written by Issac Asimov, which is the fifth series of the Foundation Serious, where they try to find Earth (the ancestral home of humanity)

Question 22

Primary Succession

Answer 22

The creation of an ecosystem through the expansion and growth of different species

Question 23

Intermediate Species

Answer 23

Species that can not be spread as easily. These species often take years to show up, and decades if not a century to mature. These are often Trees

Question 23

Pioneer Species

Answer 23

The first species to grow in a barren land. These are easy to grow, and do not take much time. These are often Annual Plants, or grasses