Quick Definitions Flashcards
Ethics
A set of moral principles that guide behaviour belies determine right from wrong
Corporate governance
System by which companies are directed and controlled
Corporate citizenship
The need for business to recognise that its responsibilities extend beyond the scope of commercial relationships
Internal check
The day to day transactions checks for early detection and prevention of fraud
Internal financial control
Action taken by management to enhance the likelihood that established objectives will be achieved
Revolution
Radical and abrupt change
Big data
Collections of data do large that’s traditional method of data collection is insufficient
Data modelling
The consideration of an organisation’s data storage that allows it to be stored and retrieved in an effective and efficient way
Data manipulation
Process of making data easier to read involving adding, deleting, querying and modifying data using data manipulation language (DML)
Data analysis
Evaluation of data to create information that is valuable in making decisions
Operations management
The planning directing and controlling of the transmission of inputs into outputs that meets the organisation’s customers needs
Process design
The method by which individual specialists seek to understand business activities and ensure they are as efficient and effective as possible
Marketing
The process of identifying, anticipating and satisfying customer requirements profitably
Job analysis
The process is collecting analysing and setting out information about the content of jobs in order to provide the basis of job description and data for recruitment. Leads to job description and person specification
Formal appraisal
A systematic review and assessment of an employee’s performance, potential and training needs
