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Wiki Wiki Summary
IT risk management Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.\nRisks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
Adverse food reaction An adverse food reaction is an adverse response by the body to food or a specific type of food.The most common adverse reaction is a food allergy, which is an adverse immune response to either a specific type or a range of food proteins.\nHowever, other adverse responses to food are not allergies.
Hostile witness A hostile witness, also known as an adverse witness or an unfavorable witness, is a witness at trial whose testimony on direct examination is either openly antagonistic or appears to be contrary to the legal position of the party who called the witness. This concept is used in the legal proceedings in the United States, and analogues of it exist in other legal systems in Western countries.
The Honest Company The Honest Company, Inc. is an American consumer goods company, founded by actress Jessica Alba.
1997 Asian financial crisis The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided.
Human sex ratio In anthropology and demography, the human sex ratio is the ratio of males to females in a population. More data are available for humans than for any other species, and the human sex ratio is more studied than that of any other species, but interpreting these statistics can be difficult.
Availability factor The availability factor of a power plant is the amount of time that it is able to produce electricity over a certain period, divided by the amount of the time in the period. Occasions where only partial capacity is available may or may not be deducted.
Civil and political rights Civil and political rights are a class of rights that protect individuals' freedom from infringement by governments, social organizations, and private individuals. They ensure one's entitlement to participate in the civil and political life of society and the state without discrimination or repression.
Economic bubble An economic bubble is a situation in which asset prices are much higher than the underlying fundamentals can reasonably justify. Bubbles are sometimes caused by unlikely and overly optimistic projections about the future.
Financial modeling Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or portfolio of a business, project, or any other investment.
Consultant A consultant (from Latin: consultare "to deliberate") is a professional (also known as expert, specialist, see variations of meaning below) who provides advice and further purposeful activities in an area of specialization.\n\n\n== Definition and distinction ==\nConsultancy UK defines the role as providing "professional or expert advice in a particular field of science or business to either an organisation or individual".The Harvard Business School provides a more specific definition of a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field".In his book, The Consulting Bible, Alan Weiss defines that "When we [consultants] walk away from a client, the client's conditions should be better than it was before we arrived or we've failed." There is no legal protection given to the job title 'consultant'.
Blandings Castle Blandings Castle is a recurring fictional location in the stories of British comic writer P. G. Wodehouse, being the seat of Lord Emsworth (Clarence Threepwood, 9th Earl of Emsworth), home to many of his family and the setting for numerous tales and adventures. The stories were written between 1915 and 1975.
Combined Counties Football League The Combined Counties Football League is a regional men's football league in south-eastern England with members in Berkshire, Buckinghamshire, Hampshire, Hertfordshire, Jersey, Kent, Middlesex, Oxfordshire, Surrey, and the western half and south-eastern quarter of Greater London, featuring a number of professional clubs. It is sponsored by Cherry Red Records and is officially known as the Cherry Red Records Combined Counties Football League.
CIA activities in Indonesia This is a list of activities carried out by the U.S. Central Intelligence Agency in Indonesia.\n\n\n== Indonesia, pre-World War II ==\nPrior to WWII, Indonesia was a Dutch colony.
The Superstar Effect The Superstar Effect or "Tiger Woods effect" refers to the change in performance caused by the presence of a highly ranked player - a superstar - in a rank-order competition.\n\n\n== Overview ==\nThe phenomenon was first described in a study titled "Quitters Never Win: The (Adverse) Incentive Effects of Competing with Superstars" by Jennifer Brown, which examined the performance of golfers at events with and without Tiger Woods.
Bloomsbury Publishing Bloomsbury Publishing plc is a British worldwide publishing house of fiction and non-fiction. It is a constituent of the FTSE SmallCap Index.
Book Industry Study Group The Book Industry Study Group, Inc. (BISG) is a U.S. trade association for policy, technical standards and research related to books and similar products.
List of longest animated films This is a list of the longest animated feature films by running time.\n\n\n== Individual Films ==\nFilms with a running time of 120 minutes (2 hours) or more are included here.
Natanz Natanz (Persian: نطنز, also romanized as Naţanz) is a city and capital of Natanz County, Isfahan Province, Iran. At the 2006 census, its population was 12,060, in 3,411 families.
Customer lifetime value In marketing, customer lifetime value (CLV or often CLTV), lifetime customer value (LCV), or life-time value (LTV) is a prognostication of the net profit \ncontributed to the whole future relationship with a customer. The prediction model can have varying levels of sophistication and accuracy, ranging from a crude heuristic to the use of complex predictive analytics techniques.
Customer engineer A Customer Engineer (CE) is a worker whose primary job scope is to provide a service to customers who have signed a contract with the company. Originally, the term was used by IBM, but now Customer Engineer is also being used by other companies.
United States dollar The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents.
Late termination of pregnancy Late termination of pregnancy (also referred to as late-term abortion) describes the termination of pregnancy by induced abortion during a late stage of gestation. "Late", in this context, is not precisely defined, and different medical publications use varying gestational age thresholds.
Special member state territories and the European Union The special territories of the European Union are 32 territories of EU member states which, for historical, geographical, or political reasons, enjoy special status within or outside the European Union.\nThe special territories divide themselves in three categories: 9 Outermost Regions (OMR) that form part of the European Union, though they benefit from derogations from some EU laws due to their geographical remoteness from mainland Europe; 13 Overseas Countries and Territories (OCT) that do not form part of the European Union, though they cooperate with the EU via the Overseas Countries and Territories Association; and 10 special cases that form part of the European Union (with the exception of the Faroe Islands), though EU laws make ad hoc provisions.
IEC 62443 IEC 62443 is an international series of standards that address cybersecurity for operational technology in automation and control systems. The standard is divided into different sections and describes both technical and process-related aspects of automation and control systems cybersecurity.
Unisto Unisto is a Swiss company that specialises in security products. It produces Unisto security seals, name badges and brand profiling products to guarantee the authenticity of a product from its manufacturing origin to its point of sale.
Compaq A compass is a device that shows the cardinal directions used for navigation and geographic orientation. It commonly consists of a magnetized needle or other element, such as a compass card or compass rose, which can pivot to align itself with magnetic north.
February 6 February 3 is the 34th day of the year in the Gregorian calendar; 331 days remain until the end of the year (332 in leap years).\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n1112 – Ramon Berenguer III, Count of Barcelona, and Douce I, Countess of Provence, marry, uniting the fortunes of those two states.
February 8 February 8 is the 39th day of the year in the Gregorian calendar; 326 days remain until the end of the year (327 in leap years).\n\n\n== Events ==\n\n\n=== Pre-1600 ===\n421 – Constantius III becomes co-Emperor of the Western Roman Empire.
Research and development Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existing ones. Research and development constitutes the first stage of development of a potential new service or the production process.
Pertinax Publius Helvius Pertinax (; 1 August 126 – 28 March 193) was Roman emperor for the first three months of 193. He succeeded Commodus to become the first emperor during the tumultuous Year of the Five Emperors.
Captive bolt pistol A captive bolt (also variously known as a cattle gun, stunbolt gun, bolt gun, or stunner) is a device used for stunning animals prior to slaughter.\nThe goal of captive bolt stunning is to inflict a forceful strike on the forehead with the bolt in order to induce unconsciousness.
Six-factor Model of Psychological Well-being The Six-factor Model of Psychological Well-being is a theory developed by Carol Ryff which determines six factors which contribute to an individual's psychological well-being, contentment, and happiness. Psychological well-being consists of positive relationships with others, personal mastery, autonomy, a feeling of purpose and meaning in life, and personal growth and development.
Risk Factors
EDUCATIONAL DEVELOPMENT CORP Item 1A RISK FACTORS Investors should carefully consider the following risks in addition to the other information contained in this report
Each of these factors could adversely affect our business, operating results and financial condition of the Company
In addition, these factors could adversely affect the value of an investment in the Company’s common stock
Our operations may be adversely affected by general economic conditions
General economic factors that are beyond the Company’s control impact the Company’s forecasts and actual performance
These factors include interest rates; recession; inflation; deflation; consumer credit availability; consumer debt levels; energy costs; tax rates and policy; unemployment trends; the threat or possibility of war, terrorism or other global or national unrest; political or financial instability; and other matters that influence consumer confidence and spending
Increasing volatility in financial markets may cause these factors to change with a greater degree of frequency and magnitude
Changes in the economic climate could adversely affect the Company’s performance
Our growth is dependent upon attracting and retaining sales consultants Our continued growth and success is dependent in part upon our ability to attract and retain sales consultants in the Usborne Books at Home Division, the ability of these sales consultants to operate their businesses successfully and the ability of these sales consultants to recruit other sales consultants
To attract and retain new sales consultants, the Company provides operational manuals and sales materials, participates in regional and national training seminars, provides low start-up costs, offers monetary sales incentives and pays competitive sales commissions and bonuses
The investor should understand that these sales consultants are independent business owners and the Company has no control over the time and effort each individual consultant chooses to spend working their business
Our business faces a great deal of competitive pressure
The retail business is highly competitive
The Company competes for sales consultants with many other direct selling companies, most of whom offer products different than the Company’s products
Most of these competitors have a greater market presence than the Company and have larger financial resources
Unanticipated changes in the pricing and marketing practices of these competitors may adversely affect the performance of the Company’s Usborne Books at Home Division
The Publishing Division operates in a market that is highly competitive, with a large number of companies selling books
The Publishing Division is in direct competition with all of these other companies, the majority of which have larger financial resources than the Company
The book industry is a dlra25dtta1 billion market
Sales in the juvenile paperback market, the Company’s market, were approximately dlra851 million for calendar year 2005
The Company’s market share in the juvenile paperback market was 1dtta0prca in fiscal year 2006
Unanticipated changes in the pricing and marketing practices of these competitors may adversely affect the performance of the Company’s Publishing Division
Seasonality of sales
The Company’s business is subject to seasonal influences, with a major portion of sales and income historically realized during the first and third quarters of the fiscal year, which includes the back-to-school and holiday seasons, respectively
This seasonality causes the Company’s operating results to vary somewhat from quarter to quarter and could materially and adversely affect the market price of its securities 7 _________________________________________________________________ [58]Table of Contents Our operations are dependent on a single distribution facility
The Company’s distribution functions for all of its books are handled from a single facility in Tulsa, Oklahoma
Any significant interruption in the operation of the distribution facility due to natural disasters, accidents, system failures or other unforeseen causes could delay or impair the Company’s ability to distribute merchandise to its customers, which could cause sales to decline
The Company has a sole source supplier for its products
The Company is the sole source United States distributor for the Usborne line of children’s book published by Usborne Publishing, LTD, London, UK There is some risk in having only one source for its products
The contract between the Company and Usborne Publishing, LTD has a two-year notice of termination requirement
However, the Company has an excellent working relationship with its foreign supplier Usborne Publishing, LTD and can foresee no reason for this to change
All our products are imported from overseas locations
The Company’s products are printed at locations throughout Europe, China, Singapore, India, Malaysia and Dubai
The products are then shipped by ocean cargo to the United States
There is some risk of political unrest causing delays in securing products
However, the Company’s supplier has numerous sources for printing the Company’s products and should political unrest occur in one area the supplier could utilize printers in other locations to provide the Company’s product
There is some risk of physical loss of the books should an accident occur while the books are in transit
This could result in an economic loss to the Company, due to lost sales, should the supply of some titles be depleted in the event of a lost shipment
The Company’s common stock is thinly traded
The Company’s common stock is traded on the NASDAQ market under the symbol EDUC There were 3cmam753cmam923 shares outstanding at February 28, 2006
The average shares traded for the fiscal years ended February 28, 2006, February 28, 2005 and February 29, 2004 were 3cmam371 shares, 9cmam855 shares and 5cmam297 shares, respectively
Personnel changes
The Company’s development has largely been achieved through the vision and efforts of our President and CEO If his services were not available for any reason, the Company’s business could be adversely affected
Other factors may negatively affect our business
The foregoing list of risk factors is not exclusive
Other factors and unanticipated events could adversely affect the Company
The Company does not undertake to revise any forward-looking statement to reflect events or circumstances that occur after the date the statement is made