Shared Flashcard Set

Details

BA 101 midterm #2
Business 101
19
Business
Undergraduate 1
03/09/2010

Additional Business Flashcards

 


 

Cards

Term
CPI (continuous Process Improvement) Systems:
Definition
reduces material cost and to a lessser degree labor cost
Term
Vendor/JIT (Just in Time inventory):
Definition
REduces materical cost and administrative overhead
Term
QIT (Quality Initiative Training):
Definition
Reduces labor cost
Term
Channel Support Systems:
Definition
Increases the effectiveness of the sales budget and therefore demand
Term
Concurrent Engineering:
Definition
reduces R&D cycle time, the time needed to move sensors on the perceptual map and to change MTBF
Term
UNEP Green Program:
Definition
Teh United Nations Environment program increases the effectiveness of the sales budget, and therefore increases demand
Term
Benchmarking
Definition
reduces administrative overhead
Term
Quality Function Deployment Effort
Definition
reduces R&D cycle time and anhances theeffectiveness of the promotion and sales budget.
Term
CCE (concurrent engineering)/ 6 sigma training
Definition
reduces material cost and labor cost
Term
return on sales (ROS)
Definition
a measure of how much profit was crated for every dollar of sales
Term
Return on Assets (ROA)
Definition
a measure of how much profit was created for assests gathered
Term
return on Equity (ROE)
Definition
a measure of how much profit was created with owners' investments
Term
EArnings per Share (RPS)
Definition
a measure of how much profit was created for each share of stock
Term
Leverage
Definition

measures how big of a company the managers have created using the owners investments

 

Leverage= total assets/ total owners equity

Term
Current ratio
Definition
Current assets/ current liabilities
Term
Quick(or acid) Ratio
Definition
(Current assets- inventories)/ Current liabilities
Term
total-debt-to-total-assets-ratio
Definition
total debt/ total assets
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