Term
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Definition
| the logical systematic flow of resources throughout the organization. Its goal is to make the most efficient use of resources. |
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Term
| Primary Components of the logistics function |
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Definition
| Planning, Resource Management, Operations |
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Term
| Support of the primary components of the logistics function provided by: |
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Definition
| Efforts of R&D, Capital Budgeting, Engineering, Scheduling |
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Term
| List and discuss the 5 internal methods of control. |
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Definition
| Authorization, Segregation of Duties, Adequate Documentation, Physical Security, Independent Reconciliation |
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Term
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Definition
| process transaction sometime after it occurs |
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Term
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Definition
| processing transactions right after event (immediate response to a transaction) |
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Term
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Definition
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Term
| How have databases impacted the processing of transactions? |
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Definition
| reduce data redundancy, increase data integrity, concurrency |
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Term
| Advantages of DBMS systems |
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Definition
| Controls access and use of data by individual users and applications |
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Term
| Tradeoffs when using a database for data storage |
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Definition
| Efficiency - hierarchical model; Flexibility - relational model |
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Term
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Definition
| copy historic data from operational database for use by entire organization |
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Term
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Definition
| Used in analysis to support decision making: forecast/predictions, what-if analysis |
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Term
| How does a data mart differ from a data warehouse? |
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Definition
| Data mart: like a data warehouse but only used for a single department |
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Term
| What is data mining, and how is it used? |
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Definition
| uses a data warehouse or data mart to search for identifiable patterns in data that can be used to predict future behavior |
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Term
| Define and describe IT controls for data and DBMS systems. |
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Definition
General Controls: unauthorized access, ensuring adequate backup
Application Controls: I.P.O. controls such as data validation, control totals, and reports |
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Term
| Ethical Issues for collection and use of data |
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Definition
| Ethical Responsibility of the company: management, notice, customer choice and consent, collection, use and retention, access, security, quality/correctness, monitoring |
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