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20 Cards in this Set
- Front
- Back
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What is decentralization?
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the delegation of decision-making authority throughout an organization.
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What are line position directly related to?
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To the achievement of the basic objectives of an organization
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What do staff positions do?
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Support and assist line positions
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What does the CFO do?
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On the top management team provides timely and relevant data for activities
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What are two service organizations?
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Profit seeking (accounting firms,law firms) and Non-profit seeking (hospitals, school)
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What is a business process?
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a series of
steps that are followed in order to carry out some task in a business. |
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What are the three approaches to improving business processes?
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1. Lean production 2.Theory of constraints 3. Six Sigma
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Supply Chain management means?
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the coordination of business processes across companies to better serve end consumers.
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A constraint aka "bottle neck" is?
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is anything that prevents you from getting more of what you want
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The theory of constraints is?
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is based on the observation that effectively managing the constraint is the key to success.
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The constraint in a system is determined by ?
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the smallest capacity
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What is six sigma?
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A process improvement method relying on customer feedback and fact-based data gathering and analysis techniques to drive process improvement.
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E-commerce is?
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The business conducted using the internet
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Enterprise systems are governed by?
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A single software system that
integrates data across an organization, thereby enabling all employees to have simultaneous access to a common set of data. |
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The Institute of Management Accountant deal with what?
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ehtical behavior and how to solve it
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IMA guidelines include?
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1. Competence 2. Confidence 3. Confidentiality
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What is the institution of accounts that governs global ethics?
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IFAC
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Define Corporate Governence
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The system by
which a company is directed and controlled. |
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What did the Sarbanes & Oxley Act do?
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protect the
interests of those who invest in publicly traded companies by improving the reliability and accuracy of corporate financial reports and disclosures. |
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What is enterprise risk management?
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A process used
by a company to proactively identify and manage risk. |
