DECA Business Administration Core Exam Logistics the function of operations that manages the flow of goods and services from production to consumption
... [Show More] Malware an illegal computer program that is used to disrupt computer processes, destroy computer programs, and access confidential business information Shareware type of computer program in which computer users can sign up for the software on a trial basis. After the trial expires, the computer user can purchase and register the program, if desired Position Innovation when an existing product is repositioned Process Innovation changing the way that a product is produced or delivered Distributed Innovation a decentralized model used for problem solving Conceptual Skills ability to see the "big picture" and think about how things will work together Moderate Input decision maker asks for some help before deciding Payroll Records information about money paid to employees in a given period Web Ring a series of linked web pages that share a common theme. Channel Management responsible for identifying, selecting, monitoring, and evaluating sales channels Channels of Distribution sales channels Product/Service Management obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities Promotion communicate information about goods, services, images, and/or ideas to achieve a desired outcome Rolling Budget continuous budget Zero-Based Budgeting requires managers to demonstrate the need for every expense instead of relying on figures from a previous period Working Capital the difference between a business's current assets and current liabilities Capital Investment Decisions which projects the business will invest in, how the investment(s) will be financed, and whether or not to pay dividends to the company's shareholders Capital Structure mix of debt and equity financing used to finance investments and projects Market Risk risk of financial loss due to the decreased value of an investment Market Risk Management using financial instruments to manage exposure to market risk Accrual Accounting Method journalize income and expenditures at the time they occur even if no money changes hands at that time Cash Accounting Method record income and expenditures at the time the money changes hands Managerial Accounting reporting financial data to internal users Tax Accounting recording transactions for tax purposes Churning broker may encourage you to make excessive trades just to collect the commission fees from each one [Show Less]