MGTA04 Textbook Term Definitiions

4 Pages

Management (MGT)
Course Code
Chris Bovaird

This preview shows page 1. Sign up to view the full 4 pages of the document.
Inwdory Cof,trol IrMsials mrragererr, rcceivjrB*6iIg, hedlitg" md coultirg forll MGTAo4 TqtbooL Terms - @ mddialE, partlfinitlEdgoods,&d itrishedoods Puchairy -Tle &qdsitim of althew flddids and wices lld a cofipaiy reeils pDdEe its Foducts Sfiiee Opeatioro [email protected](fuction a.tivities tlEtld targible md iilangible swiceduds Holdiag Coss - [email protected] erdB sl4rli68orilwdoryonhsrd csds ProdEiiotr Po&ldiotr divities tlEtyieltogible products Lead Tims - Inpurhaing cotrhl the gq)bet{Gm lhecffiorer'spl&ement of m orde! (?ro&Etioa) procGses thattra8fom md therelles shtmeft offfihediE [email protected] TtreBys.6rdt directbn ard contol of tlE $ppli6 totuy tom Meagercflt tNEc6 it{6trishedgoods [email protected] - Findiryed detmining Produtim Mmag6 - MaEgm [email protected] foremuing *m opadim p!*eNs dede [email protected] drd JN-In-Time (JIT) - A rethod ofinErtory cs*sl inwhich ndedals ae &quircd erdtrDttrto pDvide bmefls Prodetion Sydem ploddionFst s thry @ [email protected] oFodiom Prccffi A 8eof mtlEds & tsrrtrotogi*sd intheprcdEdie [email protected] or aswice Matdial Requisrcr, -A method of inrentory co!*rol inch a comp*edzed bill of md6riBls is ArallticProces . - Any prcdrction if, wfucftsEces ae brokm dom Pladirl8(MRP) dsed toegimde [email protected] &eds sothat teswces Ee *quired ed Fil iato - lEcess ps&diotr onlyd rceded Srrtheli.Process - Aay pm(hdiM proc* if, which [email protected]@ [email protected] produd, High-Coilad System A sysem it*hieh t E setriccmot be providEd wiihout tcdlm! being BillofMdaial6 ProdEtion control [email protected] tlBtEifes [email protected] irtspdients oa phFicaty iathesysm (e.9tmit syrtm) the oririf, which theshouldbecmbined md ho$ @ry ofeach ue Low-Cortact Sy$en - A sysem in whichthesepice cm be provided withod tIo8tom being meded to trEke ore batch ph)€ically ithe EyEtem Mmufrduiig Resouce -An adwed vmiotr ofMRp th* tietogdlEi allpdtEof tlE dgmizaiion Forecast E*i&t6 offifue dffEil forbothrew and ui*irg go&rts Plrmtutg(MRP ID iro thecompmy's poddim a.tivitbs - Codrol The mamgemrt of ttE procBs 60I tommrfucttro goods ois4ply Capacity - The8mut of [email protected] tlstaim ce go&r.e aldsr mfirElworkingcorditim Qulity - lEoddion Proces Layod - A aElyof [email protected] ettuiti* sch thdequipmot @d people de swices thd met specificuafty $8dads grcr4€dtog€tlBr&[email protected] tottei{ tmctim Cellulal,ayou UseiltoImdre gooir8wha &rdlts ofpto&rds @ hllow similEflowpdlls Produt Layou! A my oforgmizing prcdEtioa etivili*Mh thd eq8ipmd Ed people ee setq) - to pro(fuorly ore t,1E ofgood PsdEtivity A @a$e of efficiercy tlsa cospdesw ,ruh i8 IrodrceswiththePlwcB - il Assmbly Lif,e - A tl?e ofprodEt layou in whichIpetiEtlyfiltiElteddu mves tlrough a wd tolEodee plarton [email protected] belird'tr equtmEri QBlity -A lrodrd's fitus [email protected] inl€m ofoffedtrg the featuesd colrMs ryd tl-ShapedkodEtim - Produdion layod in whichmochif,eue pleed ins,lamw U th4e rdhq Labou Ps&diviy -P{tialprodudivny Eio @lcdd€d ty dividingrcs d,omesicprodBd by ldal Litr tlm a migtil tire etibd ofwmkm [email protected] A sysm tlBt slloma single frdoryo mralltdches of TotalQu.lity -A @eI, tl* erphsiz6 tk rcdefect8e tolmble md tld all mployeesee (FMS) - Foducgoods lire FodNe MEEeerem (TQM) &[email protected] f, mi*sising qualiry $edard8 S,Etem diffeeil m theffi lEoduction of qualitl4 bow well them of a rcet colffiE' Sot MmufrctuirE - Redeing lDge FMS olEdiore to mrltrsrmE tEEgeat{e grorps of'@hire8 PerfoMe Quality TtD osali d [email protected] Swice Flow - An eElysis that Bhowtheprocess flow that eeftceMy tolNite a reeds md how well theplo&d perfcm Amlysis sNice to cu8tom; itallow mamgen to d*emirc which l),lres e QualityRelisbilny - The comi$my ofqualityftomuit touit 5faFodEl f,ecesSsy Qulity omeflhip - The cotueptthd qu€litbelorys [email protected][email protected] who deatesd dDdtoysitin Maser Prcddiotr Schedole showiflg whichrodwis willbeprcdEe4 rhff will prcdriag a gmd d ewice; the idsathd all worken mEttakereE)otrittilityr - pl&e, lrodrction prcdrirg a quality Schedde take andwhat [email protected] villbeNd Fodtcproceses perfoffie, qualityed Ga{t Clnrt [email protected] *hedule dirg,3lmif,8, tstepsina Foject md speciryingthe Bui#s Procs -Red6igniig otbNiness to imlEow time requiledarffih ReqEire6ing protuciivity PERT Chtrt - Produtim $he&rle speciryiig tlD Eeqlrme md oiticalh forpelfmirg sqrply ChEitr Ftrofofin{osldioq &dedalc nd 8trices thd dds withw rndEialsspplies ttEseF iraprojed [email protected] tltro{gh d&erdagesiaulE oldioc Iroces Btil tleprodd Operdim Cotrol Mmagm lrMitm psduciioaperforme compeiig rests wilh plms reeiE the erddma - @ supply CtBin Prhciple oflookir€d tiBci&ins awhole totrrytrovehe oveEll flow fkoughiE ed $he(hrlee - Follow - Up -(XkckitrgtoelMe thatproductiotr docisioe beif,g implemeded Meagereri (SC1r4) sygem M*erials -Plming, orgeizirg, md codrollitrg tho flow of mderials Iftchaso [email protected]* ilrough [email protected] offid8hedgoods Stedardizdiotr Using saxrsd ed uifom comlDrerts [email protected]@s TBrEportdion Thr @* ofrespoltiig &rouces to the corq)ay &d fnisled totruyffi Smgoodsfor Infotuiofl Mrrsgq The traEger r6positrtefor the a.tivities [email protected], ealyze, md weehoEing -The stor€e ofbdh incomirBmdEids forFo(fudioflsndinishrd - toflakegood decislotr phrliceldisih{iotrto costomm diswinde infoffdion tlEtammpaf,y tr*ds Corpdq-Aided Con4)ild sldem ued to d6jgtrd cqt6l all thfquiprcm [email protected] foi lflfmEtim -An iref,Elopeotiotr thdeftge tiEfrB'r irlmrdim resome8 to supod - [email protected] Masgeoed bBiress [email protected] @d odcoes Meuadwirts (cAM) prcduug Dsta Re frcts ard figues MaEgerent Infomdiof,- Sy6tem thd sryport m 6gaizdi6'E fiEry* by providirE dailtepds, InforyEtion A reeingftl, ueful ifltapte*aaixf d*a SyEtem (MIS) sch€dul6,plans,mdbudgetr tnfomdionsystem Decision SupIE t Cmputer system ced to help [email protected] ateedires whetrmakiat (IS) -drcisiof,trukingoflffilomhgdstai{[email protected] sFtem (DSS) alecisioru ocomplicdedprobbm Exediw Srpport A quick-rcfEercee6y-&c6s of itrfofiEiictrtetr spe.itlly ElectlotrilnfomdioFls E,plicdioffied otrtelecommidioru Ekptrogi6 - 4Plicdiotr Techstrogi6 (EIT) SFEm {ESS) dEsigned for r{)p6-lewl oamgEfi Fu Ma.lde -A mchine ihat cm quic&lytrdsmita copy [email protected] ortBlihicsow Ailiidalldeltig,etr-The comction ard/[email protected] ofcomplieE [email protected] lhougbt telephotrtifts (A1) ImcNeE Voice Mail A csnpd6-b6ed [email protected] for @eivif,g & delivEirg [email protected] cals RobdicB -The @ ofcompner-m&lled ilachircsthd pafomplodMtiontas&s - twissioa ofl€[email protected], iepottsad [email protected] belwem cmlff* Expert sy8tem A fom of artificiielligeee itrhich [email protected] dres e tlErEles e4ed itr a Eledrmfo Msil -ElectImic -givm fielda laid odh diw d a$htion lora (emil) sy$em Ircblfr locdios Eledrcnit -Allom peopleto commid6 sirslta&Ely &om [email protected] locdiom via Cofipuer Network -A fm of comlfftrsyst6m [email protected] it whichcompltffi aiditferent Conferencing telephore,vi&o, q mil grcop sffrc€ cm [email protected] ifireFndedly but de alsoiatercomedeiled ableto excheBe croupwe -A rystem tlEtalbm t*o ormorc indivi&l8ls commicde [email protected] infofindionw*h ore @tltr [email protected] desbop PCB [email protected] -The phyricalco*4$erfs ofa colputE sysem qDic*lyed IrpurDevice Hedre t1d g€18ddaido [email protected] ifa form ofthecofiqma [email protected] Dda Cl)tmwicdi)tr - Global rEtsoik8 ttrdmit um tossndel€dMic messa$s - ffifming ofdr18 ir{onf(ffiim lakespla.e: Network8 eesmically C€lfal [email protected] [email protected] inwhich tlE adnal Iileret -A gigetlietwork of flet*trktid w6 milliffiofcorpl*G oftE infomatim Ud (CPU) cot4aiE theprinEy stoagp uit,tllr mdrcleit,nd thefiltmeticlogicui @ haiaesa scierceand gl]@!t, ard Favid€s colrrruicdion flom mong Msir Memry -TtE pEt of acotpottr'sCPU thd sor6 thos Ircgffi t1d ilreedsto opede moft *ff 170,000 seFde retrorks aoqrd thewfild Progm .- - Any sqrefte of fudetiffi toa coqlutq lntaretsePice A @'[email protected] tlEMirtaitr a [email protected] cmclion totlE i&nd &rdsells OuiputDevice - TH pet ofacorpder's h8dme thd Ireffitsrcsults w6: [email protected] fm ircbdeprideN 8d video motritoG Provider(ISP) tarq)o8ry comeatioG tosubsibG iawh* to do8d how lo do it world Wide Wet - A syBtemsithmivEBily acelted $edadr fo, stodr€,fiievin8, fotmltitE, md Sotwe - Progm tld ifftruttheconpilE [email protected]@ m the idd SyslemPlogm - A trtrogmtlut telascotrpdq [email protected] b re era!8w to e thm Web Sem - Dedicded work6latiom- hrge stpilB - tld ee clsmized for mamging, ApplicdionPsgle -A Irogru tlEtetudly pocesse dria mording b 6 lBrticdtrM"s specificeeds rohl&inhg. md sppming wbsitE cr4)hicalUs$ - Theua-tiedly displaythd helpslr8m eled &m molg ilD mmy posible Brcwea SotMe thd mables a]sl.o @es8 infomd.iotro{ t}E{6b Iderfaee(GUI) q)plicdioN ofthe cotrplner - Icos Smallimages on acor{[ts $tm thdrqresd wioG q)plicdios Directories - Fedres tlEthelppeople find tlE cdfent tlwa, an thweb. The wtr typesil - a Eothatthe keyvfids &tlp dreioryreriwes alist owebsite8withtitl6cottairinglhose [email protected] Endlptim - [email protected] ofaffiot nwic{I codc [email protected] [email protected] itrress.8e, Seach Ergire - SotBe b. Mching *eb pagesthd dos trotpae-clsssitlpiliiloa dircctory relge isrct und6stadable duing tffiri$iotr lnt]et - A c6rpey'B privstretwk lhais ecEsible oaly to [email protected] through Database - A cfifializeqrgaized collectioafrelateddta ebdronic firewalls Wdd-Prccessing - A!'pticaliotrgm that allothPcsf,4Dlerto a.4 sphidicded t)?effiitero Fiw&1l Hudflae ad softme ffiuity syd€m tld e,Me tlEtidefialcofipdersyltem Prcgm $6e, editand pdd lett6 ad nMbes - thd allow tlwr to 6lt6categoriG of(hlaard detemine ue rpt ecessble toodsidet Eledrcni. - ApplicatimItrogru (e g.ptoits) [email protected] -A notworktld altrowortsidm limi€d ecffi toa [m's idernalinf([email protected] sydem SlreadslEets theeftct ofclElg6 inone cdcgdy {e8-sal4) m oth6rcdegories [email protected] - Ploduing luge rclM6 ofprodBd! 6 sryic6, bd givitrNomfi tlE clbicof Ddatdse Mdsgeed -applicdiotrrogffi tlldke€p hEk of andMipulate the ftlowrldataof a ftstlm dd opiom theywat Pr€,3tr bmiresr EileqrbeR€souc6 Cofip*s crd{,Lts - ApplicatimlrogtaG [email protected] Mical ud chsruh datairlopido.ialf()tm (ERP) [email protected]&tivitiesofacmFty'EhEires ProgM Plar8ir€ uits prcglm tlEt offe!hoic6 fur [email protected] graphie fu vi5u.displa}s' Knowlrdg€ workm - Erployees whos jobsinvolw tlEw ofinfoaralioa @d [email protected] a the w Pe€[email protected] C{4hie - Applicalion mdedds oftheir work sotte Blidesvi&o, 4d en $md E ics forprcftsiorBlIreertdiore Tffitim Pmcessiig - Applicatim of infouElisnplm*in8, fm baic dEy-tGday tusines [email protected] De8Lop Plrblshhg - [email protected] word Itrce*i4 ed Eraphicscapobility Fodrcing [email protected] Sysem (IPS) tdfrompem{al6rFdm S)Sem Opediom Peoplesho m acomlEly's €oqrret €quipmetr soirw PiEy - TIE Mr{horized w sfgiwe ruh 6 word procossingmd spr6adtlsets - Mulioedia [email protected] retfidks of.rMuication .I4)lireesMh s frxes'elevisiom, [email protected] - photocopiG thEmy als t linked t ConpdE-Aided Cor4)utd &alysi!&d grehic8 plogm [email protected] Ned tocede rew Irod.d8 Comunicaiion sud equipsed, cellphoreBlriiteN,and D6ign (CAD) Sydem ldelliteithdkt Imote [email protected] Wide [email protected] Notwork - A sydea to lincurpntm erN the courtOr tlEongl&lelhonvir6 or Balare Sheet A tx)e of 6mcia1 sdmil tld wizes afim's fimcial positionon a (wAN) sdellite! pdiculE dde intem of its Nets, [email protected]' equity Local AEs Ndwork A sysem to lireofipdeE in ore builditrorina snEllgeogrryhicalEea by Cffi Assets C6h md othq 6sets tld cm becotrwf,rdhto mh withina (LAN) - cablingorwirelestEltrblogy - )ed LiqEidity The ese urd q)eed with [email protected] lM cm becoNerted to caslu cash sid to b€ Clieil-Selg - A retworkcorqEed oftoth clids (urs) ed sws th$ altrom the clieils perEdly liquid Network to ecesswio6 sryiceswithort codlyad mEessry [email protected] Accods ReceiEble -Amats &re tothefm from custffi wlo hrye pmh$ed goodr 6 eilice8 or Clieit - A poim of etrry ancliett-smr netwotk mdil a fom ofM6t set Swff - A comlilE tlalEoyidesthe seryicesh[ed by aetwork Ees Mqchrdise lrvertdy-TlE coEtof rMch8dise thatha beea &quked for saletocMoltm brt isrtion knd [email protected] krlo(bs fi4)plieonhad edrcfrlaid fu tlepaiodto corc Accorutiig A compehecive sy$em fm collecting, uulyzing, md Fixed Assets -AMs tld he lorg-tem ue or yalreb thefm Mh s latr4buildirgsed - cmicdiitg ftmcial ffihiaery infomaiion DepEcidion Di$ihnirB ile cd of aMjo, mset oH tleye6 in whichiilrcdu6 revrus; Bookkeeping RecordhgecoutingffiticN ca1cu1*ed t'ach suBding theffit's origiaa! vabdivided bythEtrwber Accoming Lx[offiio*Ar orymized procedre fort&diryhg, meMing Ecordirg, elt etainhg ofyem iaits l€e liG Sy$em (AIS) Efficialinfomation& tIEt €t le $ed in lccourting, statmened Foddive [email protected])m8 IntdEibleAssets -Nor-phFtal &sss eh * ldq*s, tB&ffitE, copyrigltqad &ehise Codslld T1eidivi&nl v1o manages allthefrrr's ecou*ingetivities feesthdhar ocorcmic lElm hl vhose Ireciselu isdiffcnltb calculate - Goodwill - The mourt paidfor m exi$intbGiress beyond thevalu of iothtr ssets Filrmial AcoErtiflg - [email protected] whseh| intEded group€ * keg isfo$Ed aiod tlEfmial Cuffit Liabililim - Ary detts owed bytlE fim tld mEt be paidwithitore )eu Slsem conditiotrofffin [email protected] Payatrle Amutts &re&oe tlE fm toitmpplim fm goods ad/or seryiceswch4ed on Meagerial (llmagmeil)-Intefialprccedm thd alef mangffi toproblem ad aid theminplming a1d sedri a fom of cE Bt I'EUlity Accoffiing deciciorraking Chdered Aacoetffi An individral whhas met cedain exlEriercatrdeducalion [email protected]'& Lory-Tm Liatlilry-Any drttr oMpd by iletm tlalae rct dw f6 * lead oe [email protected] (CA) hs pas8eda licemhg emidiio{ Paid-Incapital -Afly additimalf,@y ie*ed ia l}fm by tlEore actss e ou(side&cow'd for olherfm RetairedEmirgs -A company's d profts 1* e$ dividef,dpsymeils tsiareholl* CettifieGmeral - Al individual who hm cmlpldedm edrcation plogm ed lasd adional ero IrEome (kofit-and- - A t)?e [email protected] thd desdibesa 6m's @[email protected] dd expreE ed A.coMd (CGA) wo*r ia pliwe indushy ora CGA fm loEB)Stderefr indicdes whethd thefm [email protected] alrcfid sfrercdalG duing agivef, poriod Cedif ed MaugenE t-An individlal ohoha cortrpldedawimity degreeIEsed adioml exeildim RetrnEs An, mnies received by afim a arooh of [email protected] trsNice or tofl dier Accowtattt(CMA) & cdr4 l€ted taegic [email protected] Fogrel! vo*s iaitr&r$ry & folJlM on ideoal - mesgeBst ecMint $ECeS ffh I iileft$,rcfi,d [email protected] Audit An rccoEtai's exminalion of acomluy's finmial Cost [email protected] Sotrd - [email protected] didly [email protected],}cd ingodeill€ otsllir€ a [email protected] orwi.e d6ir€ a recordstodetsrnie ifit givm time p6iod @d !rcp{ trrocedws totrxelm ih f{eial rports Gross ProfitGrss MdgitrF A fi[['s&vmus (grcsrrales) lessscos ofgoods sld Fomic -An &coMd who treb dom hiddeaisds ittruitrffi fi.ururlly &pst of a OperatingExpeNs Co*E itrmed by &fm otlH ttm thoEeincludeditr coof goodEsold Accodaf eiain liale$Ealion Op{ding LEom - [email protected] thEgross pofltftom busircs opddjo6 agah$ opudirg expeffieg [email protected] Accepted -(GAAP);{ds ruis md mttods wd by rccow(ets h p(eperingfimia1 - AccournifigPdrciples rcpods Net IrEorc (retgofii-A fm's grcssp6fitlessilsopMirq exFffi8 &rdircorc tdes Maagercrt Comlting-Speirlized &sMirg Eefticeto or reemiflgs) help nBiEgeftffilt a wiety ofFoblem in Stteme{ of C*h A [email protected] [email protected] tllddMibes a fir's [email protected] of cdhduiig Sesices finece,po&rctirx sledulia& ad otlEras Flom agiv4pEiod PrivdeA.cdd -Anecomtedhied6asaldiedmployeEtodealwirhacompany'sday-to-day Budgd A detEled fmcial pl& Io,edimated ,eceiptud [email protected] for. p6iod ecomfug reeds oftinein thefitEe,usuallyoreyed Aset Anythitrg of ecof,oube [email protected] by afm orif,dividDal Liabilily Any dettowed by a fim ot iadividlzl oahft Solvacy Ratios Rdios tld estiMe [email protected] dsk tlEt iwideilin acomlmy [email protected]' Eq[ny Ary di$eetue bdwera ProfrabililyRdios [email protected]'[email protected]@[email protected] lbsitive t e'r @t! &d ih 1i]abiliti6: whd would by invcs6lo a#ss theirlEobabled]m [email protected] fora fifitom6 ift1E compairywere liquiddedallits ssetwrc LiquidityRdioE - MeM ofa fm'B abilily to f,eei,Medide d.t'twd to dalyzethedsks of sold,ad all its de$*e prid itrveding itre6m Double-Edry A [email protected] syd.erL &reloped iniheflteedh @rtury aad still ue, thd Cmd Ralilr A fom ofliquiditr*io calculate6 cEeil Nets divided tcr*d liabilities Accou{ing S}dem &quir6 ewry tffiMis to bede&d ittwo wys - ho* itaffectesets & how il - affeclsliaulitie edO,E $ thd the ecourting equdionisalaayE in b61me Working Cryiral - The diffqercebe{[email protected] fm'B cEeat 6sets ad ffiq* liatiliries Fimial St*mert Any of *wralt>,IEs of koad relDrt&gadirg acotr{)eys fimcial $d6 most DeU Rdios - Mffis ofa 6.m'r abiliylo reet its long-tdehts;red to malyze theristsf - itrw*ittsf, tlfttn oflenwd itrrferetretobalirc slrcdn ieorc st*mrts, udd Etatmils of Dett-to- O/ERdio - A f(m ofdetardio calculate6 totsl liabilitiesdrty oME's eqnity cashAow Dett -A edr6ay's tdal liabililies Meket R€r€eh - thr syrt€firdsrdy of EhatbDy6 rced dd how bed lo reet thN reeds Leverage -Usirg borowed irnds b mske.puchaee th6 [email protected] theus's puchEing Secondey D*a - Infomion alieady mirratie ffiket Ereahm I a Bull oflrcvbu reEedch porer. pot4ial Ee ofrdw md riskofloss by tlrfim ordlEr agffieB RetM otrEquity -A fm ofprofilat'i1ity.*calculate6 ret irum divided by totoma's equity Prinry Data hfomdion deelolEl tkorghes rcseechby th. fim 6 itagat! Emings Per Shde A fom ofproftobilitratio calflrlaseret ircome divedby theflmbei of obsmiiotr resereh tecnniqrireiving viewtug ordheffiire mnilodr€ co,rsmq - - A [email protected] comotr shues outstadirg buyingpaltm SlMy - A ,ffiket eeach techniqB boed oa qrestiof,ina ftIEesd*ive wple of colr8lmn aboutInehsitrg diitudeEard pdices Fom Group - A nBrtet rcreach techniqE involving mufl group ofpeople brought d]er ard Meketing -PlaminS anderecming tIE dewlopmed, pdcing, prcmtioL [email protected] of allowedto [email protected]$ *lected i!*s in depth ide$, gsds, ard si$ tocMe exchutses that sdisry both [email protected] sell6' Experi*ertstb{ AMket [email protected] tqhnique inwhich there&tioru of similE ae comlEed objectiws - ?eople Makltittg [email protected] The idea thsthe whole 6rm [email protected] preed
More Less
Unlock Document

Only page 1 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.