Accounting
Accounting is also called the ______ of business
language
On the income statement, what is the dollar amount of sales plus any other income it received?
Revenue
What are natural resources, raw materials, human resources, and captial
inputs
What is the tag line for marketing?
creating, communicating, and delivering value
What are raw unorganized facts that can be moved and stored?
data
What are the two main financial statements
income statement and balance sheet
What does IPO stand for?
initial public offering
What is the tag line for supply chain management
right thing, right place, right time
What is something monetary or non monetary that is given in exchange for a product?
price
What does CPU stand for?
Central Processing Unit
What is the equation for gross profit
Revenue - Expenses
Who are bonds issued by?
corporations and governments
What is the action of obtaining equipment or supplies for a business?
procurement
What are the 4 P's of marketing?
product, price, place, promotion
What is the delivery of computing services over the internet that allow for flexible, on demand access to resources such as software and data storage?
What is the total amount of investments in a firm minus liabilities?
Stockholders Equity
What are the two fundamental ways businesses finance their operations?
debt and equity
what is an inventory management system that receives goods from suppliers at the exact time they are needed, reducing storage costs
just-in-time inventory management
What does it mean to separate market into subgroups to identify the target market?
market segmentation
What is a computerized resource plannig system that incorporates information about the firm's suppliers and customers with its internally generated data?
Enterprise Resource Planning Systems (ERP)
Who were the two main players in the Enron Scandal?
CEO Jeff Skilling and Former CEO Ken Lay
What is the difference between a public and private company?
A public company trades stock with the public. A private company sells stock to private investors.
What are the 7 parts of the supply chain sequence?
Name at least 4 parts of a promotional mix
traditional advertising, public relations, sales promotion, personal selling, social media, e-commerce
Name at least 3 cybersecurity tools
firewall, antivirus software, VPN, encryption tools, intrusion detection systems