Part 15 - 2020 ICDC HS

Question 1

Capital gains tax

Answer 1

Owed when an investor receives appreciation of value on his or hers investment

Question 2

Terms in capital gains tax

Answer 2

Long term for assets owned 1 year and above, short term on the other hand

Question 3

Open door policies

Answer 3

Encourage communication between employees and managers, less limitations

Question 4

Rich communication channel

Answer 4

Seeing, hearing, interacting

Question 5

Lean communication channel

Answer 5

Only through sight and seeing

Question 6

Publicity

Answer 6

When a business get “advertised” without paying anything, e.g., the word of mouth

Question 7

Advertisement

Answer 7

When a business paid to become famous and to reach to (potential) customers

Question 8

Open-end investment fund

Answer 8

No limit of shares, buy or sell whenever wanted

Question 9

Close-end investment fund

Answer 9

Total number of shares is fixed, once full, only able to buy when someone else sells theirs

Question 10

Brick and click

Answer 10

A company with both brick and motar store plus online store

Question 11

Bait and switch

Answer 11

Business promoting a low-priceed item before a high-priced to attract customers

Question 12

Due care

Answer 12

Doing the best possible

Question 13

Out-of-pocket costs

Answer 13

Money that will be spent in the future, but not spent yet

Question 14

Relevant costs

Answer 14

Costs that will be affected by the decision

Question 15

Irrelevant costs

Answer 15

Costs that are unrelated with the decision

Question 16

Committed costs

Answer 16

Costs that are unavoidable, will incur anyways

Question 17

Challenges in financial information management

Answer 17

Inadequate information, too many sources, inaccuracies, inefficiencies, disparate data structures

Question 18

Cost effective pricing

Answer 18

Setting the price to generate most value of money (low enough to attract customers still)

Question 19

Cost per contact

Answer 19

Cost for a business to reach every customer

Question 20

Descriptive data analytics

Answer 20

Summarizing past data

Question 21

Prescriptive data analystics

Answer 21

Suggest specific actions to improve decision-making

Question 22

Predictive data analystics

Answer 22

Predit the future using past data

Question 23

Diagnostics data analystics

Answer 23

Explain why an event happened by analyzing past data

Question 24

Market basket analysis

Answer 24

Establishing links between data points that tend to occur together

Question 25

Naturally occuring groups

Answer 25

Possible actors formed without artificial intervention

Question 26

High-Net-Worth Individuals (HNWIs)

Answer 26

Wealthy investors falling into this category (automatically due to wealth owned)

Question 27

Asset records

Answer 27

To keep track with asset depreciations and record for accounting purposes

Question 28

Tax records

Answer 28

Include deductions, withholdings, employee pay

Question 29

Legal records

Answer 29

Contracts, agreements, intellectual properties, work orders

Question 30

Customer records

Answer 30

Client names, addresses, information

Question 31

Pooled interdependence

Answer 31

Separated departments operating with little or no interaction

Question 32

Sequential interdependence

Answer 32

One department relies on work completed by other departments

Question 33

Reciprocal interdependence

Answer 33

Most complex, information flowing both ways between departments

Question 34

Project scope

Answer 34

Use the time wisely and not getting distracted by unimportant things

Question 35

Monitoring project

Answer 35

Scope, people, schedule (deadlines), budget

Question 36

Business information management

Answer 36

(Umbrella term) for all professions connecting business processes with IT, smooth working environment

Question 37

Operations management

Answer 37

Planning, organizing, controlling, coordinating resources to produce business goods/services

Question 38

Preliminary quality management

Answer 38

Early stage controls in quality