Term
|
Definition
|
|
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
|
Definition
data = raw fact
info = data with useful meaning |
|
|
Term
| ____ + _____ are what make a system |
|
Definition
|
|
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
|
Definition
| real time data - forecasting what will happen |
|
|
Term
| business processes need... |
|
Definition
|
|
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
|
|
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
|
|
Term
|
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
|
|
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
|
|
Term
|
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 |
|
|
