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CIMA OCS > E1 > Flashcards

E1 Flashcards

1
Q

What is a stakeholder?

A

Someone with an interest in organisation

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2
Q

What is corporate governance?

A

Sets out processes and policies for company

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3
Q

What are the 4 f’s in info to impact?

A

Information, insight, influence, impact

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4
Q

What are the 5 A’s in info to impact?

A

Assemble, analyse, advice, apply, acumen

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5
Q

What is a centralised structure?

A

Upper levels of org retain authority

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6
Q

What is a decentralised structure?

A

Authority passed down to lower levels

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7
Q

What is cloud computing?

A

On demand computing resources

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8
Q

What is big data?

A

Data so large and varied beyond capability of traditional data processing
4V volume, velocity, variety, veracity

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9
Q

What is structured data?

A

Deliberately produced for purpose

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10
Q

What is Data analytics?

A

Collecting, organising and analysing big data

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11
Q

What is AI?

A

Machines that work like humans

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12
Q

What is Data visualisation?

A

Large volumes of data to be visually appealing

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13
Q

What is blockchain?

A

Digital ledger used to record transactions

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14
Q

What are digital assets?

A

Assets held in digital form

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15
Q

What are the 3 stages in transferring data?

A

Extraction, transformation, loading

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16
Q

What is porters value chain?

A

Considers activities that add value and drive costs

17
Q

What is MRP?

A

Material resource planning, computerised system

18
Q

What is ERP?

A

Enterprise resource planning, integrating info from operations with other functions

19
Q

What us TQM?

A

Total quality management, continuous improvement in quality and productivity

20
Q

What is Kaizen?

A

Small steps to improve performance

21
Q

What is six sigma?

A

Reduction in faults

22
Q

What is lean thinking?

A

Eliminate waster by eliminating non value adding activities

23
Q

What is reverse logistics?

A

Return of unwanted or surplus goods

24
Q

What is an enterprise data warehouse?

A

Single source to assemble clean data and reports into dashboard

25
Q

What is a macro and micro environment?

A

Macro - outside factors that influences org
Micro - factors org has opportunity to influence

26
Q

What is cost plus pricing?

A

Cost plus a % profit

27
Q

What is skim pricing?

A

High price set at start

28
Q

What are the four steps of a product life cycle?

A

Introduction, growth, maturity, decline

29
Q

What is infrastructure?

A

Core network, databases, software and hardware

CIMA OCS (3 decks)

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