Business studies refer to a discipline area that consists of classes such as finance, marketing, leadership, and money management. Classes may be taken as part of a particular degree or to prepare students for a business career.

Israel, officially the State of Israel, is a parliamentary democracy in the Middle East, on the south-eastern shore of the Mediterranean Sea. Israel's financial center is Tel Aviv, while Jerusalem is the country's most populous city if occupied East Jerusalem is included.

The PhD is a doctoral degree, specifically called a "doctor of philosophy" degree. This is misleading because PhD holders are not necessarily philosophers (unless they earned their degree in philosophy!). That said, PhD recipients are able to engage in thought experiments, reason about problems, and solve problems in sophisticated ways.