Shared Flashcard Set

Details

BA100
N/A
38
Business
Undergraduate 2
04/19/2013

Additional Business Flashcards

 


 

Cards

Term
What does GSD mean?
Definition
"gets stuff done"
Term
***ITM is about...(3 things)***
Definition
organization, communication, and problem-solving
Term
how are systems organized? (3 things)
Definition
content (easy to find things), configuration (everyone's on the same version, and knowledge (use everyone's knowledge)
Term
Data = ?
Info = ?
Definition
data = raw fact
info = data with useful meaning
Term
____ + _____ are what make a system
Definition
people + procedures
Term
What are the 3 levels of processing?
Definition
transaction processing (low level, can be done w/ computers)

management information system (managers interpreting information)

decision support system (CEO's at highest level)
Term
what is analytics?
Definition
real time data - forecasting what will happen
Term
business processes need...
Definition
EFFICIENCY
Term
business processes involve... (4 things)
Definition
activities (follow rules/procedures), resources (customers/suppliers), facilities (database/factories/equipment), and information
Term
Resources are _____ to the company.
Definition
External
Term
expert systems are not artificial intelligence because...
Definition
they will only tell you what you already know
Term
a faster spinning hard drive is better because...
Definition
it retrieves information faster
Term
good information is...(5 things)
Definition
accurate, timely, and relevant, barely sufficient, worth its cost
Term
the key to a database is...
Definition
retrieval of information
Term
entity vs. attribute?
Definition
entity = what you're collecting information about

attribute = various field (name, address)
Term
when do you need a database?
Definition
when you're keeping track of multiple themes
Term
a project manager must balance the triple constraint, which involves what? (3 things)
Definition
time (schedule), resources (cost), and scope (requirements)
Term
why is e-commerce different?
Definition
ubiquity - 24/7 availability
Term
biggest threat to M-commerce?
Definition
security
Term
what is internal vs external use of accounting info?
Definition
internal = manager
external = investor
Term
what is a CPA? what does one do?
Definition
Certified Public Accountant

offers services of auditing, taxing, and management
Term
what does an internal auditor do?
Definition
examines adequacy and reliability of internal control and accounting systems, verifies records, monitors compliance with policies
Term
what does a private accountant do?
Definition
works exclusively for a firm, analyzes info and prepares financial statements
Term
what does a management accountant do?
Definition
figures out financial effect of corporate decisions, can get a CMA (certified management accountant)
Term
what does a forensics accountant do?
Definition
identify financial evidence, present conclusions in a legal setting
Term
what is an asset? what is a liability?
Definition
asset = an economic resource that is expected to benefit the owner (inventory, equipment)

liability = debt that the firm owes to another party (loans)
Term
What does a corporate financier do?
Definition
evaluates new projects, raises funds to pay for new projects
Term
describe investment banking...
Definition
fast paced, high pay, high pressure
Term
what does a financial planner do?
Definition
develops financial plans for individuals, is relationship oriented
Term
what does a stock broker do?
Definition
sells stock to investors
Term
what is the rule of 72?
Definition
divide 72 by interest rate, answer is the time it will take for your money to double

ex. 27/4 = 18 years
Term
with bonds, who borrows and who lends?
Definition
issuing firm is borrowing, investor purchases it is lending
Term
what are the 3 types of stock returns?
Definition
dividends, price appreciation, and total return
Term
what is the risk return relationship?
Definition
investors must be rewarded with a higher return if they take more risk
Term
risk return chart...top middle bottom
Definition
riskiest (top) = foreign investment, real estate

middle = stock, debt

bottom = treasury bills, bank account
Term
what are financial ratios useful for?
Definition
for comparing firms of different sizes
Term
net profit margin?
debt ratio?
operating income ratio?
Definition
NPM = net income / sales
measures profitabality of a firm

DR = debt / total assets
how much debt the firm uses to finance its assets

OIR = how readily a firm can cover its interest
Term
financial effects on ratios and stock?
Definition
profit margins are down
debt ratio is up
interest coverage ratio is down
stock prices are down
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