6785947
Description
Flashcards by Latrice Stark, updated more than 1 year ago
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Created by Latrice Stark
over 7 years ago
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| Question | Answer |
| Black Box | An operation whose exact nature cannot be observed |
| Cost Structure | The relative proportions of fixed and variable costs, and how those costs change relative to changes in production or sales volume |
| Enterprise Resource Planning System (ERP) | Packaged and customized business software systems that allows an organization to use system integrated applications through standardization |
| Gap Analysis | Assessing 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 |
| Management Control System (MCS) | System that gathers information and uses information to evaluate the performance of different organizational resources |
| Management 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 |
| Organizational Culture | The set of assumptions about an entity and the goals, processes, practices, and values that its members share. |
| Organizational Form | The 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 |
| Profit Sharing | Compensation available to employees and managers contingent on the level of organizational profit generated |
| Radio 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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