Flashcards
Chapter 12 Key Terms
Flashcards do conjunto (11)
- 1Black BoxAn operation whose exact nature cannot be observed
- 2Cost StructureThe relative proportions of fixed and variable costs, and how those costs change relative to changes in production or sales volume
- 3Enterprise Resource Planning System (ERP)Packaged and customized business software systems that allows an organization to use system integrated applications through standardization
- 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
- 5Management Control System (MCS)System that gathers information and uses information to evaluate the performance of different organizational resources
- 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
- 7Organizational CultureThe set of assumptions about an entity and the goals, processes, practices, and values that its members share.
- 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
- 9Profit SharingCompensation available to employees and managers contingent on the level of organizational profit generated
- 10Radio Frequency Identification (RFID)Wireless system comprised of small flakes of silicon to transmit a code to improve traceability of product and cost
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