Accounting
What does GAAP stand for?
Generally Accepted Accounting Principles
What does ROI stand for?
Return on Investment
What does SWOT stand for?
Strengths, Weaknesses, Opportunities, Threats
What does JIT stand for?
Just-in-Time
What does ERP stand for?
Enterprise Resource Planning
Which statement shows a company’s financial position?
Balance Sheet
What happens to bond prices when interest rates rise?
They decrease
What leadership style involves team participation in decisions?
Democratic leadership
What is the “last mile” in logistics?
Final delivery to customer
What is a database used for?
Storing and organizing data
Revenue minus expenses equals what?
Net income
What is a bull market?
Market with rising prices
What is a KPI?
Key Performance Indicator
What is inventory held as buffer against uncertainty called?
Safety stock
What does CRM stand for?
Customer Relationship Management
What accounting method records revenue when earned?
Accrual accounting
What is diversification in investing?
Spreading investments to reduce risk
What management function involves setting goals and strategies?
Planning
What does SCM stand for?
Supply Chain Management
What is cybersecurity focused on?
Protecting systems and data
What principle says expenses must match revenues in the same period?
Matching principle
What is the formula for risk-adjusted return often measured against a benchmark?
Sharpe ratio
What theory suggests employees are motivated by hierarchy of needs?
Maslow’s Hierarchy of Needs
What is outsourcing production to another country called?
Offshoring
What is cloud computing?
Storing/accessing data over the internet instead of local servers