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key words Flashcards

1
Q

What does Synergy mean?

A

when organisations achieve more than individuals could on their own

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2
Q

What does NFP stand for?

A

Not for profit

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3
Q

What does NGU stand for?

A

Non-governmental organisations

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4
Q

What does SBU stand for?

A

Strategic business unit

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5
Q

What does AIDA stand for?

A

awareness
interest
desire
action

used to get customers to buy products

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6
Q

What does UA stand for?

A

uncertainty avoidance

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7
Q

What does PD stand for?

A

Power index

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8
Q

What does ACCURATE stand for?

A 
Accurate
Complete
Cost
Relevant
Adaptable
Timely
Easy to use
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9
Q

What does IS stand for?

A

Information systems

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10
Q

What does TPS stand for?

A

Transaction processing system

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11
Q

What does MIS stand for?

A

Management information system

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12
Q

What does DDS stand for?

A

Decision support system

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13
Q

What does EIS stand for?

A

Executive information system

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14
Q

What does ES stand for?

A

Expert system

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15
Q

What does PEST stand for?

A
  • Political/Legal factors
  • Economic factors
  • Social/Demographic factors
  • Technological factors
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16
Q

What does PESTLE stand for?

A
  • Political
  • Economic
  • Social
  • Technical
  • Legal
  • Ecological/Environmental
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17
Q

What does PED mean?

A

Price elasticity of demand

18
Q

What does SRACTC mean?

A

The short run of average total cost curve

19
Q

What does BOP mean?

A

Balance of payments

20
Q

What does PSNCR mean?

A

Public sector net cash requirement

21
Q

What does SWOT mean?

A

Strengths
Weaknesses
Opportunities
Threats

22
Q

What does IFAC mean?

A

International Federation of Accountants

23
Q

What does ACCA mean?

A

Association of Chartered Certified Accountants

24
Q

What does IESBA mean?

A

International Ethics Standards Board for Accountants

25
Q

What does NED mean?

A

Non-Executive Directors

26
Q

What does CEO mean?

A

Chief Executive Officer

27
Q

What does CSR mean?

A

Corporate Social Responsibility

28
Q

What does FCA mean?

A

Financial Conduct Authority

29
Q

What does PRA mean?

A

Prudential Regulation Authority

30
Q

What does OFGEM mean?

A

Office of Gas and Electricity Markets

31
Q

What does FD mean?

A

Finance Director

32
Q

What does CFO mean?

A

Chief Financial Officer

33
Q

What does IFRS mean?

A

International Financial Reporting Standards

34
Q

What does IASB mean?

A

International Accounting Standards Board

35
Q

What does IAS mean?

A

International Accounting Standards

36
Q

What does SAC mean?

A

Staff Accounting Billetin

37
Q

What does FRC mean?

A

Financial Reporting Council

38
Q

What does ASB mean?

A

Accounting Standards Board

39
Q

What does FRS mean?

A

Financial Reporting Standards

40
Q

What does SSAP mean?

A

Statement of Standard Accounting Practice

F1 (4 decks)

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