Accounts Payable - correct answer Money an organization owes its vendors and suppliers.
Accounts Receivable - correct answer Money an organization's
... [Show More] customers owe the organization.
Action Plans - correct answer Detailed steps a unit, department, or team will take in order to achieve short-term objectives.
Amendment - correct answer Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten).
Assets - correct answer Financial, physical, and sometiems intangible properties an organization owns.
Balance Sheet - correct answer Statement of a firm's financial position at a particular time.
Balanced scorecard - correct answer 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 - correct answer Proposal presented to a legislative body for possible enactment as a law.
Break-even analysis - correct answer 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 - correct answer Description of an organizational challenge and possible alternative solutions, arguing for specific solution.
Capacity - correct answer To an operations department, the ability to yield output.
Cash flow statement - correct answer Record of how much cash is flowing into and out of an organization, including its sources or destinations.
Centralization - correct answer Degree to which decision-making authority is restricted to higher levels of management in an organization.
Code of ethics - correct answer Principles of conduct within an organization that guide decision making and behavior.
Consumer price index - correct answer Measure of the average change over time in the prices paid by consumers for goods and services.
Control - correct answer To an operations department, an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.
Correlation - correct answer Measure that indicates the relationship between two variables.
Cost-benefit analysis - correct answer 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 - correct answer Degree to which decision-making authority is given to lower levels in an organization's hierarchy.
Departmentalization - correct answer Way an organization groups jobs to coordinate work.
Divestiture - correct answer 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.
Divisional structure - correct answer Organizational structure in which segments ae separated by product, customer or market, or region.
Due diligence - correct answer Process of conducting an intensive investigation of an organization as one of the first steps in a pending merger or acquisition.
Electronic Communications Privacy Act (ECPA) - correct answer Act that makes it unlawful to intercept messages in transmission, access stored information on electronic communication services, or disclose this information.
Enterprise management - correct answer Integrated processes and tools to allow information sharing and process management across functions, sometimes even with external partners, such as suppliers.
Environmental scanning - correct answer Process that involves a systematic survey and interpretation of relevant data to identify external opportunities and threats.
Equity - correct answer Amount of owners' or shareholders' portion of a business.
Ethics - correct answer System of moral principles and values that establish appropriate conduct.
Extended organization - correct answer Alliance between organizations to create processes and information channels that allow communication and collaboration.
Financial ratios - correct answer Calculations designed to describe an organization's financial health and performance from various perspectives.
Foreign Corrupt Practices Act (FCPA) - correct answer Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.
Formula budgeting - correct answer Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount. [Show Less]