Part 9 - Test 1255 Flashcards

1
Q

Financial analysis

A

Planning, maintaining, controlling, reporting the use of financial resources

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2
Q

Collective bargaining process

1, 2, 3, 4

A

1) Researching issues, 2) conducting negotiations, 3) voting on tentative agreement, 4) settling the contract

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3
Q

Settling the contract

A

When both sides have signed the contract and validate it

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4
Q

EDGAR

A

Electronic Data Gathering Analysis and Retrieval system

Submit documents to SEC

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5
Q

ESOP

A

Employee Stocks Ownership Program

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6
Q

Segment profitability decision

A

Deciding if it is more profitable to keep or drop a segment of the business

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7
Q

Variance analysis

A

Variance between systematic and random factors

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8
Q

Horizontal analysis

A

Compare multiple periods of a company to identify trends

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9
Q

Vertical analysis

A

Compare financial info at a certain time, like taking a snapshot, internal

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10
Q

3 types of financial activities

A

Financing, investing, operating

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11
Q

1) Financing

A

Cash generated/used for raising capital or paying debts

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12
Q

2) Investing

A

Cash generated/used from investments (e.g. buying and selling assets)

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13
Q

3) Operating

A

Cash generated/used from day-to-day activities

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14
Q

3 types of financial statements

A

Income, balance, cash flow

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15
Q

Income

A

Profitability (earning or losing)

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16
Q

Balance

A

Company’s ability to cover debts with assets

17
Q

Cash flow

A

Liquidity of a company, 3 types of financial activities, whether able or not to stay operational

18
Q

Rule induction

A

Data mining technique: summarizing trends from patterns

19
Q

Accural accounting

A

Considering accounts payable and receivable

20
Q

Accountable

A

Overseeing or managing sth, sb

21
Q

Profit sharing

A

Incentives for employees in working harder

22
Q

Risk Management Information System (RMIS)

A

Database used to store and analyze data; identify, assess, and manage risks

23
Q

Risk map

A

Tool used to identify risk

y-axis = likelihood, x-axis = impact

24
Q

Property exposure

A

Property related losses, must be property itself

25
Liability (in context)
Claims info, exposure bases, liability insurance details
26
Catastrophe modeling
Estimates potential losses from disasters, usually do not have specific info assigned
27
Exposure
Potential risk that a comp might face
28
Payroll
Total amounts of wages, salaries, and benefits a comp gives to employees