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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Segment |
A part or activity of an organization about which managers would like cost, revenue, or profit data. |
Product lines, customer groups, geographic territories, divisions, plants and departments. |
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Planning |
Establishments of goals and objectives and how to achieve them. |
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Controlling |
Executing the plan and modifying the plan as circumstances change. |
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Budget |
Is a detailed plan for the future that is usually expressed in formal quantitative terms. |
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Performance Report |
Compares budgeted data to actual data in an effort to identify and learn from excellent performance and to identify and eliminate sources of unsatisfactory performance. |
Also used to evaluate and reward employees. |
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Decision Making |
Ability to make intelligent, data-driven decisions. |
What should we be selling? Who should we sell to? |
