Test 4 (CHs 14, 15, 16) Review

A firm's procedures for generating, using, and sharing important data and information.

In business decision making the level of risk and the amount of available information are inversely proportional.

A single collection of data and information stored in one place that can be used by people throughout an organization.

The terms e-commerce and e-business are synonymous.

A budgeting approach in which every expense in every budget must be justified is referred to as __________ budgeting.

Sentiment analysis is a quantitative social media measurement.

As a business manager, you can never have too much information.

Which of the following would be allowed to elect a corporation’s board of directors?

Debt capital is money obtained from the sale of shares of ownership in a business.

Software designed to infiltrate a computer system and disrupt normal computer activities is known as

A __________ budget estimates a firm’s expenditures for major assets.

Financial planning begins with establishing a set of valid goals and objectives.

Data mining refers to a small piece of software code that measures how long a user stays at a particular website.

Data that is presented in a form that is useful for a specific purpose.

The terms data and information mean the same thing.

A blog is a digital audio or video file that people listen to or watch online.

Assets that will be held or used for a period longer than one year.

Numerical or verbal descriptions that usually result from some sort of measurement.

When a business attempts to sell products or services to another business, a(n) _______ model is being used.

Where would you find the total amount of assets, liabilities, & owner's equity for the Hershey Company?

Inaccurate information is typically more dangerous for a firm than irrelevant information.

Debts that will be repaid in one year or less.

Trade credit is the least popular form of short-term financing.

This type of accounting provides managers & employees within an organization with information needed to make decisions.

The largest accounting scandals in U.S. history involved all of the following firms except:

A set of guidelines and practices for U.S. companies reporting financial information and the accounting profession.

The accounting equation states that Assets = Liabilities + Owner's Equity

Typically, long-term loans are normally repaid in three to seven years.

A __________ is a bond backed only by the reputation of the issuing corporation.

All of the following are examples of the five areas of management that require specific types of information except:

When compared to other forms of short-term financing, factoring is relatively inexpensive.

This type of accounting generates reports for interested people outside of an organization.

An IPO occurs when a corporation sells common stock to the general public for the first time.

Speculative production is an example of a long-term financial need.

Crowdsourcing involves outsourcing tasks to a group of people in order to tap into the ideas of others.

Commercial paper is a short-term promissory note issued by a small business.

Social media communities are groups of people who share no common interests.

A type of computer usage in which services stored on the Internet are provided to users on a temporary basis is known as

Typical quantitative measurements for social media websites include

All of the following are examples of business application software used to improve productivity except:

In a B2C model, the focus is facilitating sales transactions between businesses.

The most basic form of corporate ownership is

Each source of revenue flowing into a firm is referred to as a revenue stream.

Debt capital is financing provided by the owner or owners of the business.

The most popular and inexpensive form of short-term financing is