Accounts Payable
Money an organization owes its vendors and suppliers.
Accounts Receivable
Money an organization's customers owe the
... [Show More] organization.
Action Plans
Detailed steps a unit, department, or team will take in order to achieve short-term objectives.
Amendment
Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten).
Assets
Financial, physical, and sometiems intangible properties an organization owns.
Balance Sheet
Statement of a firm's financial position at a particular time.
Balanced scorecard
Measurement approach that provides an overall picture of an organization's performance as measured against goals in finance, customers, internal business processes, and learning and growth.
Bill
Proposal presented to a legislative body for possible enactment as a law.
Break-even analysis
Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.
Business Case
Description of an organizational challenge and possible alternative solutions, arguing for specific solution.
Capacity
To an operations department, the ability to yield output.
Cash flow statement
Record of how much cash is flowing into and out of an organization, including its sources or destinations.
Centralization
Degree to which decision-making authority is restricted to higher levels of management in an organization.
Code of ethics
Principles of conduct within an organization that guide decision making and behavior.
Consumer price index
Measure of the average change over time in the prices paid by consumers for goods and services.
Control
To an operations department, an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Correlation
Measure that indicates the relationship between two variables.
Cost-benefit analysis
Ratio of value created to cost of creating that value; allows management to determine the financial impact particular activities and programs have on an organization's profitability.
Decentralization
Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Departmentalization
Way an organization groups jobs to coordinate work.
Divestiture
Sale by a company of an asset that is not performing well, that is not core to the company's business, or that is worth more as a separate entity. [Show Less]