Test 4 Flashcards
(50 cards)
break-even point
is that level of operations at which a company realizes no net income or loss
Fixed Costs
are expenses that are not dependent on the amount of goods or services produced by the business
Variable costs
are volume related and are paid per quantity or unit produced
AICPA Code of Professional Conduct
a collection of codified statements issued that outline a CPA’s ethical and professional responsibilities
Sarbanes-Oxley Act
help protect investors from fraudulent financial reporting by corporations.
Software
Apps on the computer
Hardware
the physical computer
Networking
bring companies together
Computer Aided Manufacturing Systems
the use of computer systems to plan, manage, and control the operations of a manufacturing plant
Cloud Computing
the delivery of computing services over the internet, or “the cloud”
Internet of Things (IoT)
Devices that connect to the internet without a user
Business process data
information that businesses collect to improve their operations
Physical world observations
capture real-time data about the physical world
Biological data
information derived from living organisms and their products
Public data
information that can be shared, reused, and redistributed without restrictions
personal data
any information relating to an identified or identifiable natural person
Data warehousing
the process of collecting, organizing, and managing data from multiple sources into one database
Machine learning
programs that learn how to do tasks they weren’t explicitly programmed to do
Inbound logistics information
weather information
Operations information
schedules, plans
Sakes/marketing information
how many sales, revenue
Service information
information on businesses
Human resource information
full timers vs part timers
Procurement
the process of buying goods or services for a business
