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Chapter 12 Key Terms

Latrice Stark Inglés 11 fichas

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  1. 1Black BoxAn operation whose exact nature cannot be observed
  2. 2Cost StructureThe relative proportions of fixed and variable costs, and how those costs change relative to changes in production or sales volume
  3. 3Enterprise Resource Planning System (ERP)Packaged and customized business software systems that allows an organization to use system integrated applications through standardization
  4. 4Gap AnalysisAssessing the difference between two information systems (current and proposed), comparing the information, determining the differences and what steps to take to ensure they are met successfully
  5. 5Management Control System (MCS)System that gathers information and uses information to evaluate the performance of different organizational resources
  6. 6Management Information System (MIS)Computer based system that is used to collect, organize, and communicate data to managers for the purpose of planning, controlling, making decisions, and evaluating peformances
  7. 7Organizational CultureThe set of assumptions about an entity and the goals, processes, practices, and values that its members share.
  8. 8Organizational FormThe type of business entity that is selected; these include but are not limited to C Corps, S Corps, LLC's and LLP's, and determining who has authority to make decisions for the business
  9. 9Profit SharingCompensation available to employees and managers contingent on the level of organizational profit generated
  10. 10Radio Frequency Identification (RFID)Wireless system comprised of small flakes of silicon to transmit a code to improve traceability of product and cost
  11. 11—

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Chapter 12 Flashcards
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Latrice Stark
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