BEC LIBRARY

ISACA 5 steps plan for the guidance establishment of data governance.

Establish data governance foundation Establish and evolve data structure. Define execute data quality Realize data democratization Focus on data analytics.

CURRENCY EXCHANGE RATE FACTORS

FINANCIAL AND TRADE RELATED

VARIABLE COSTING/DIRECT COSTING

Fixed cost is not included in the cost of the product.

RECESSION

GDP falls and price of good is reduced, unemployment rises

GROWTH RATE MODEL

GORDON Rate model, this assumes that the price of a company dividend will increase at a constant rate forever. So, you just need to figure out the fair value, current value to pay for its stock. Dividend per share and price per share grows at the same constant rate.

INCREMENTAL COST

How much the product cost you out of pocket. (TVC) plus any fixed cost you do not have to pay. And the cost that you would pay to purchase.

MONTE CARLO TECHNIQUE

(Forecasting method): KeyPoint is, this is used when there's uncertainty. when you use random sampling to generate result. The more sampling that you use, is the more accurate your results become. Good example is to use the formula of a square which is x square, and the formula of a triangle is ½ square, another way you can try this technique is if you plot lots of point on the box, divide the one that falls in the triangle by the one that falls in the box, you should get that ratio.

SUBSIDY

. Keyword is subsidized loan. money, advantage government give to public or private institution to ensure they're stay in business.

CYBERSECURITY FRAMEWORK 7 steps

1) Prioritize 2) Orient 3) Create a current profile 4) Risk assessment 5) Create a target profile. 6) Prioritize gap 7) Action plan

ELEMENT OF BUSINESS CONTINUITY MANAGEMENT:

1.) Management support 2.) Risk assessments and mitigation 3.) Business impact analysis 4.) Business recovery and continuity strategy 5.) Awareness, exercise, and maintenance.

LAW OF DISMINISHING RETURN

: big picture is as human we are limited to how much we can produce. Profit or benefit gained from something will start getting smaller, will diminish as more resources is invested in it. If I work 40 hours, for the week in making pallets and I make 80 pallets in 40 hours, when I'm doing the overtime, instead of making 2 pallets by the hour like I use to, it will start diminish, I would now only be making one pallet by the hour.

APPLICATION CONTROL

: built into the application system: input and output control. makes sure the information entered correctly. CHAIN TRACK will not let me submit the item if I do not put on a quantity.

TRANSLATION EXPOSURE

: the risk that a subsidiary company balance sheet item, result of operations that is denominated in a different currency other than the parent company will change as the interest rate fluctuate. Walmart operates in 28 country, the risk that those currency will change from those country to when they come to the U.S due to interest rate change.

INCOME TAX

A current liability.

WARM SITE

In the middle of HOT and COLD site. i'ts like the cold site, the computer are already set up in the facility but there's no internet.

BUSINESS PROCESS REEINGINEERING

ALBERT EINSTEIN Insanity is doing the same thing over and expecting different result. Changing the way you do something to provide better result and meet customer needs. i' m changing the way that I study for a higher test score.

CURRENT RATIO

An increase in numerator by self will increase it A decrease in the denominator by it self with increase it.

BUY VS MAKE

Ask your self two questions: compare cost of manufacturing to cost of purchase. 1.) TVC plus any fix cost you will not have to pay. 2.) Cost of purchase - any revenue you will make from it.

MORTGAGE BONDS

Bonds that are secured by real property.

RISK PROFILE

Composite view of looking at the risk and their effect on performance

CLIENT SERVER THREE TIERED ACHITECTURE

Desktop Client , application and Database. CAD. it runs process on platform most appropriate to the process, while attempt to minimize traffic over the network

ECONOMIC VALUE ADDED

Did your investment add value? You use WACC and after-tax income. This is by segment. after tax income - WACC (investment)

>1

Elastic

SEMISTRUCTURE

Emails. Not high organized as structure, but some identifying information can be used for organization by a computer program. For instance, an email could be all over the place, but the computer can analyze it or group it by sender. Recipient and body.

JOINT COST

Incurred during a process, before the item come to be. to make tomato, you must plant it, harvest it, fertilize it. cost of direct material and labor that goes in before a product is made.

<1

Inelastic

STAGFLATION

Inflation and recession at the same time, when GDP fall and interest rate rise.

CRM: CUSTOMER RELATIONSHIP MANAGEMENT

It refers to the practice, strategies and technologies that company use to manage and analyze customer interaction and data throughout the customer life cycle.

EXECUTIVE SUPPORT SYSTEM

Key word is EXECUTIVE. Publix president, Kevin murphy looks at thing on a broader, higher horizon, instead of asking how much money a specific store make this week, He would ask, which state that we think Publix should go in next.

EXPLICIT COST

Key word is insurance deductible the cost the company must pay with cash, or in other way, the cost the company must pay. in an insurance perspective, this could be like your deductible, you must pay your deductible before the company pays. GARLAND INSURANCE

COMPLEMENT GOOD

Key word is pancake/maple syrup. they go together. Like butter and milk. Racket ball and tennis ball. One product adds value to another. Lubes and condoms. Coffee and milk Cereal and milk. Pancake and maple syrup. They kind of cannot be used separately if price for iPhone goes up, demand for the case is going to go down.

BENCHMARKING

Key word, quality management, this is used in quality management. Analysis and measurement of key output against those of the best organization. Amazon is one of the best online retailers, if an online retailer wants to improve their sales, or business process, they can measure theirs to amazon and see how theirs compare and where they need to improve. Think of Lebron James, the best in basketball, any player that may want to improve their skills can look at Lebron and workout, skills, practice for improvement. Helps determine the applicability of the best in the industry.

ARTIFICIAL INTELLIGENCE

Key word: Publix time clock. a computer system that is designed to understand, and reason.

PROCESS MAPPING

Keyword : GETTING FULL TIME IN THE DELI symbolic way of documenting, organizing a business process. For instance, To get full time in the deli, the process is the associate starts out as a part timer. The associate first learns the sub shop, making the sandwiches, after he will learn to slice the meat, the learn the kitchen and the sales floor. A 4-step process.

CALLABLE BONDS

Keyword : UNSTABLE BOND also called redeemable bond, the company can pay off their debts early. If the bond was due to be paid in 2030, the company realize interest is going down, the company can call it off and pay at the lower interest rate.

SYSTEM DESIGN

Keyword could be a house model. it states that you have to have some specification how you want the software, manpower, and data resources before building a system. Before the builder build the house, they need to have a house model.

INHERENT

Keyword is Innate when a character is part of something innate in a species. like a bird's ability to fly. As human we have common sense. Something you are born with.

DENIAL OF SERVICE ATTACK:

Keyword is Overload. a method of sending lots of messages to the computer which will cause it to crash. This attack comes from multiple sources. when you go ask for a VIZA, you get denied a lot of time.

ORDINARY ANNUITY

Keyword is Publix bonus. series of payment at the end of time. For instance, at Publix the manager get bonus at the end of every quarter

ERM: ENTERPRISE RISK MANAGEMENT

Keyword is RISK. organization exist to provide value for its stakeholder. managing risk very well so that the organization can reach its potential. We manage risk in the deli by making sure everything is on time. Production, rotisserie, and order are placed on time.

VERTICAL INTERGRATION

Keyword is VICTORIA SECRET bought designers to help with their lingerie. when you acquire company that are in the same business as you to to make supply in order to gain market share

ISO 9000

Keyword is by law, communist manifesto. created by the INTERNATIONAL ORGANIZATION OF STANDARDIZATION. that provide guidance on how to enhance the quality management system of a company

ENVIRONMENTAL SCANNING

Keyword is market analysis. a scan of your brain, or heart will tell you if you have cancer. survey data to find relationship and identify opportunity and threat. Gather info about the external world, competitor.

PRO FORMA FINANCIAL STATEMENT

Keyword is prediction. For instance, from how everything was last year, and based on your current budget, you can predict of what the financial statement will look like this year

HYPERTEXT TRANSFER PROTOCOL (HTTP):

Keyword is response. when I typed in www.yhfiandfy.com, I get a message saying, check to see if the website is valid. if it was no longer in use I would get a code like 202 or 404, successful request, internal server error.

RAPID APPLICATION TECHNIQUE

Keyword is rough draft same thing as prototyping. bring ideas to get it critiqued

STRUCTURAL UNEMPLOYMENT

Keyword is structure, normal JC PENNY is out of business, demand decrease which cause you to lose your job. SEARS, SHOPPING MALL are not trending anymore, people no longer goes to them. change in consumer demand due to taste

DIGITAL CERTIFICATE

Keyword is trust. they help valid the identity of the public key holder. IRS.GOV, the GOV let me know this is government site and its legitimate. if you're doing business on the internet, ecommerce, you will need to be issue this... so that user know your site is valid.

BALANCE SCORECARD

Keyword: EVALUATION EVERY SIX MONTH a report that measures your success with your performance. It classifies objectives into 4 perspectives. begins with learning and grown, Internal business process, customer satisfaction, and Financial, how effectively you are achieving your business objectives. the mystery shoppers that come in the deli helps measure our performance.

LOCAL AREA NETWORK LAN

Keyword: Interconnection. networking between 2 computers at proximity. Owned by the organization, group of computers connected within the same building. Think of our house. my wife and I both have computers, iPad, cell phones all connected to the same router.

MASTER FILE

Keyword: MAC N CHEESE, MASTER'S DEGREE. A place that you store, keep information that could be updated. For instance, every school has it for its student. Workplace has this for the employees. In the deli, we could have this file for the MAC N CHEESE, it will have the vendor's name that Publix buys mac n cheese from, the address, how much mac we bought from them. this is for the purpose of updating information. A university master's degree archive has this to keep record of all the student that obtained a master's degree from it and their personal information.

MONOPOLISTIC COMPETITION

Keyword: MARRIOT HOTEL. BERNS AND OCEAN PRIME CHACALITO BARBERSHOP. many independent firms in the market that offer similar, but differentiated product, but they are not perfect substitute. Hotel industry, hair salon, cleaning supplies, lawn fertilizer. If I want a haircut, there are lots of barber that I can go to get it done, while each would do a good job, some barber will do a better job on my edge. Both BERNS and OCEAN PRIME offer high quality foods, but not they're not the same food. They sell different food at a higher cost.

MONOPOLISTIC COMPETITION

Keyword: MARRIOT HOTEL. BERNS AND OCEAN PRIMECHACALITO BARBERSHOP. Many independent firms in the market that offer similar, but differentiated product, but they are not perfect substitute. Hotel industry, hair salon, cleaning supplies, lawn fertilizer. If I want a haircut, there are lots of barber that I can go to get it done, while each would do a good job, some barber will do a better job on my edge. Both BERNS and OCEAN PRIME offer high quality foods, but not they're not the same food. They sell different food at a higher cost.

VERTICAL SCALABILITY

Keyword: adding more power to the processor (RAM) (random access memory). Goal is, you want to increase computer power, efficiency so the computer can do more. In the DELI, instead of hire 5 new part timer, management brings in a full timer/contender, that contender knows more than all 5 new part timer and can work faster. When you increase the processing capacity of the existing machine in the system. The system will be able to perform more task at a shorter period

SOFWARE AS A SERVICE (SAAS)

Keyword: all inclusive, you get everything INFRASTUCTURE: hardware PLATFORM: software, the operating system and server application SOFTWARE: GOOGLE DRIVE, I now have foods. at the hotel.

Debenture

Keyword: debt it's like the title document of the bonds like the contract paper.

Common Share Characteristics

Keyword: the mass, the proletariat voting right preemptive right involved in the company decision company is not obligated to pay dividend to you. if the company goes bankrupt, you do not have right to liquidity.

CASE: COMPUTER-AIDED SOFTWARE ENGINEERING

Keyword: when Publix was implementing SAP,They probably used it. it provides automated support for when you are developing a system. helps with maintenance, documentation it does not help with system requirement.

a list of artificial intelligence system

Neural Networks, Case based reasoning system Intelligent agent Expert system. rule based expert system is not on the list.

ACTIVITY LOG

OASIS at Publix. this log has the time that every activity is done

RESOURCES, EVENTS AGENT (REA): TRANSACTIONAL

PROCESSING SYSTEM, uses two types of entry. Debit and credit, this one only uses one, it uses a relation database to store and process transaction.

SYSTEMS DEVELEOPMENT LIFE CYCLE: 5 stages

Publix went through this when they were implementing SAP. stages are subdivided into phases 1.) system strategy 2.)project initiation 3.) In house development 4.) commercial package 5.) maintenance and support San Pitye Izka Chrisla Mikano

ONLINE PROCESSING

RIGHT NOW

CURRENCY EXCHANGE RATE FACTORS: TRADE RELATED

Relative inflation rate, relative income level and Government intervention.

CURRENCY EXCHANGE RATE FACTORS: FINANCIAL

Relative interest rate and ease of capital flow.

LEASE/BUY RELATION

Review the exercise, I got the 14%. at first I told myself, why is that even a consideration, why would I ever want to lease when I get to own something. In business, quantitative data has priority over qualitative data. You always look at your decision in terms of negative and positive. While you do get to own the headquarter and you can call it your own, it may not be beneficial for the time period. Lease: tax rate, how are the cash flow discounted? Or they a stream of payment.

OPERATING BUDGET CHRONOLOGICAL ORDER

Sales revenue budget, production budget, direct material purchases budget, Direct labor budget, manufacturing overhead budget, ending finish good inventory budget, cost of goods sold budget, and nonmanufacturing budget

UNSTRUCTURE DATA

Social media comments, open ended questionnaire. The response you received will be different for everyone. not easily search by the computer.

RISK FREE RATE

The Rate the investor will get if they say, they do not want any risk associate with the investment. There's really no such thing, the safest investment would be a treasury bill from the government because there's no way the government will default.

IRR

The discount rate at which NPV is equal. or you can say at this discount rate, the cash inflow received from the invest is equal to the cash outflow of the investment. To calculate it, you calculate the factor. Your investment/annual after-tax cash flow. I invest in a boat for 5 years for 112,000 I get 50,000 of cash inflow. 112,000/50,000=2.24 My hurdle rate is 5 percent I will go look for an ordinary annuity look for the 2.24 at the 5 period. If the percentage is less, I will reject if it's more, I will accept. You want you IRR to be higher than your Required rate of return. If it's lower than you require rate of return the NPV will be negative, do not accept the project. If it's higher, NPV will be positive.

REQUIRED RATE OF RETURN

The minimum acceptable rate of return on an investment

CONTROLLABILITY

The performance measure for which the manager compensation is based should be to the extent practicable under the manager's influence

FEDERAL RATE

The rate that banks charges each other for overnight loans.

BETA

The value is 1. the closer to 1, your stock is, the more it moves with the market. The farther it is from 1, the less it moves with the market. If your... is .999, you have more risk, if the market moves 1 point, you move .999. if its .50, less risk, if market move 1 point, your stock moves .50

CARTEL

This happens in OLIGAPOLY. When the firms get together and decide they want to raise product prices, since they want to raise product prices, it requires them to produces less (restrict output). Legal internally, but illegal in the U.S.

OBSOLETE INVENTORY

This is not a quick asset, this is a current asset

CONSUMER PRICE INDEX: CPI

This measures the market price in different period. USF tuition in 2001 was 13,000 per year. Consumer price index in 2001: 124% Consumer price index in 2021: 140% The tuition has now increased by 13% 140-124=16/124 = 13 %

COUPON RATE

This the interest that that the company is paying for the bond ( the debt agreement). If price of the bond is 500 and it was sold for for 550, the bond is selling at a premium. If the price is 500 and it sold for 350, bond is selling at a discount. The interest rate the company is giving is less than the market rate.

FOREIGN CORRUPT PRACTICE ACT

U.S people cannot bribe foreign official.

FIFO EUP

Units that were produced during this period

Weighted average EUP

Units that were produced prior and during the period

AT PART

When I issue the bond, when I sell the paper, to the investor. I issue it for the same rate as the market rate. I issue a 500$ bonds, I will get exactly 500 $.

Extensive Markup Language (XML)

a coding language. there's way if I pressed alt and tab, I would see the coding information of the page.

ANTITRUST LAW

a company has to act in the U.S best interest. if the price of apple is 1 $ in the U.S, you cannot come in the U.S and sell it of for 20 cents, as means of driving other company out of business.

TIME VALUE OF MONEY

a dollar received today is worth more than a dollar you received in the future because of interest.

LOCKBOX

a form of mail the bank has for the companies. When the bank receives a check from the company client, the bank can deposit into the company's account. It saves time as it bypasses the company accounting department.

WIDE AREA NETWORK: WAN

a group of LANS over a wider area, like company can have children company (subsidy) in different country and all of those LAN from the different country are all joined to the parent company large network that encompasses all of the other, using service provided by common carrier. This can be public or privately owned.

CONCENSUS MECHANISM

a key element of blockchain/ the key is agreeing. Blockchain is a cryptocurrency platform were user trade electronic money. it's a form of third party where the users can see everything that's going on the ledger while trading. As every time something happens the ledger updates, there must be some form of agreement for the update. The traders agree amongst themselves to trade.

OLIGAPOLY

a large few firm/. airplane industry, auto. High barrier to entry, kinked demand curve. Interdependence, whatever the firm do, like advertising is dependent on the other firms. Standardized: steel Differentiated: auto.

SCHEMA

a particular database design it consists of the layout of the tables and constraint of new element. it organize and interpret info.

BALOON PAYMENT

a payment larger than your regular monthly payment, it could 5 time as much, something you the house, this payment for us could be 1575.77 x 5= 7878.85 dollars When this is required, the loan is then a long-term loan.

STATISTICAL PROCESS CONTROL

a quality control method, it uses statistic to provide information, the key point is the data has to be within certain limits, or capacity.

THOERY OF CONSTRAINTS

a system that helps improve human thinking about a problem. The goal is not to maximize efficiency on every part of the process, you only have to maximize efficiency on where the constraints is. Because if you trying to maximize everything then they system will be backup. It's like when you go take one part of the CPA EXAM and they tell you your weakness, no need to go back and study what you already know, you should focus on your weaknesses.

TARRIF

a tax on import

TRADE CREDIT

a type of spontaneous/quick/on the fly financing, the firm offer you stuff on credit, and you will pay it later.

RICH SITE SUMMARY

a way of allowing website user to receive news headlines from selected website as soon as they appear. I subscribe to BAT BRAVO POU LAJENES, every time John Collem Morvan does a video, I got a link that shows up on my phone of what it was.

EQUIVALENT UNIT OF PRODUCTUCTION

a way to count inventory. measure inventory in terms of finished product.

BUSINESS PROCESS

activities put together to achieve a desirable outcome. advertising, operating, support process is an example project management are examples.

ELECTRONIC DATA INTERCHANGE

an electronic way of sharing information, paying invoices instead of using paper.

CAPITAL ASSET PRICING MODEL

an entity must be compensated for investment based on time value of money and risk. RF + B (RM-RF)

PERFECT INELASTICITY

an example is price of INSUNLIN

PERFECT ELASTICITY

an example is price of a ticket to a basketball game.

ACCOUNTING INFORMATION SYSTEM

an example, keyword: a payroll system. helps process routine information. This system comprises of a general ledger financial reporting system and a management reporting system.

GOODWILL

an intangible asset. If I buy nike for 500 dollars, they have 60 dollar in asset 30 dollar in liability. Nike still have it's name, its patent, its customer base. 500-60$ in asset-30$ in liability=410

STATIC BUDGET

another term for a master budget

CAPITAL BUDGETING

another term for long term investment. If the firm is going onto a new market or new product line, there can be some long-term investment. Key word is investment with long term effect.

BUSINESS INFORMATION SYSTEM

any combination of hardware, software, data, people, and procedure employed to pursue an organizational objective

PROTECTIONISM

any measure taken by the government to protect domestic product for instance, tariff, quota.

GOAL CONGRUENCE

any performance measure should be designed so that they relate directly to the accomplishment of the organization's goal. Or suboptimization will result

LIQUIDITY

are you able to pay your current obligations now to stay in business now.

PUBLIC KEY

asymmetric. more secure. I sent an encrypted message everyone knows the Public key.

END USER COMPUTING

at Publix, all of the manager can received and respond to email through their cell phone. how the IT department has to create way for the User to access work through multiple different devices, at different type. The information needs to be secured.

PLATFORM AS A SERVICE (PAAS)

besides the hardware, this provides an organization: the operating system, server and software tools to develop application. after leasing the hotel, I have the physical space, the TV, computer, staff but I do not have food to officially start operating.

LAW OF DISMINISHING RETURN

big picture is as human we are limited to how much we can produce. Profit or benefit gained from something will start getting smaller, will diminished as more resources is invested in it. If I work 40 hours, for the week in making pallets and I make 80 pallets in 40 hours, when I'm doing the overtime, instead of making 2 pallets by the hour like I use to , it will start diminish, I would now only be making one pallet by the hour.

MUTUALLY EXCLUSIVE

cannot happens at the same time. Long term investment: keyword: my marriage

NET PRESENT VALUE

capital investment - future cash inflow. it tells you if you going to win.

UNLEVERED

capital is financed from equity and debt, and the value of the company would be equity total plus the interest saving on the debt.

TRANSACTION EXPOSURE

change in interest rate between the date we enter into the transaction and the date that it settled.

ECONOMIC EXPOSURE

change in interest rate due to economic events. Like the financial market crash

DATA CLASSIFICATION

classification of data for protection purposes. Internal, external, private, public, confidential, and sensitive data.

FUTURE CONTRACT

commitment to buy or sell an asset at a fixed price during a specific time period. In contrast to a forward contract, the counterparty is not known. It's on a one-by-one basis. Buy 1 million of the Haitian gourdes on thanksgiving. Market price is posted and netted to each person account at the close of every business day. Mark to market.

FINANCIAL BUDGET CHRONOLOGICAL ORDER

cost of good sold, Income statement, Balance sheet and statement of cash flow.

MARGINAL COST

cost to produce one extra unit.

HASH TOTAL

crazy total. This is used to verify the completeness of data. the total of some amount without a defined meaning. Tobin has a lot of contact information, he could do a hash total of the employee's social security numbers, it would give you a crazy number. You can do a hash total of the total of invoice number

SPONTANEOUS FINANCING

current liability, trade payable. Those occur in the ordinary course of business.

STRUCTURE DATA

demographic is a good example. That information can be organized into sex, age, race, birthday and other. can the data be organized into a group? is it something that can be easily search by a computer program.

COST BASED TRANSFER PRICE

department can transfer price to another department based on the variable cost it the item cost the department or the full cost.

BLOCKCHAIN:

digital database, it provides who owns what at any point in time.

SYSTEM TESTING

does it meet its design requirements and its ready for use?

ACCEPTANCE TESTING

does it meets organization needs and ready for use.

LEARNING CURVE

employee takes less time to complete task as they gain experience. assume to be 80 percent.

DATA CUSTODIAN

ensure only authorize personnel can access the data

PIGGYBACKING

establish connection from the wireless user. LAPOCONET, people would still the wifi password.

RISK ASSESSMENT

evaluation, look at the risk, effect and way to manage it. If a patient is diabetic, has cancer, or high blood pressure. the patient needs to do the research of all the risk and the problem associate with the diseases and way to manage it. Key work here is EVALUATION

NORMAL SPOILAGE

expected to occur, it goes on the product cost.

MONOPOLISTIC

few barriers to entry, product can be differentiated on a basis other than price such as brand and style, hair salon, barbershop, fertilizer. Demand curve is slope downward. MR is below the demand curve, and the demand curve is steady and flat.

PREEMPTIVE RIGHTS

first deebs, if company's selling share, you get to buy additional share proportional to what you're already have.

WITHIN A RELEVANT RANGE CONCEPT

fix cost per unit will change, and variable cost per unit will stay constant.

EXPORT ADMINISTRATION ACT OF 1979

for some foreign product (technology), to be exported the U.S, the company must have technology License. Example: SONY WALKMAN that was made in 1979, if this in made in Germany, the Germans would need to have some technology license to export it to the U.S

ANTIDUMPING

foreign producer cannot price their product very low just so they can drive u.s company out of business. Nestly from SWITZERLAND cannot do that.

INTERRACTIVE PROCESSING

happens right in front of you. if you trying to book a flight to Haiti, you sit in front of the computer and do it and you'll get a message stating it was booked.

COMPLETENESS

has to be complete. When filling out application for work, most of the time, the system will not let you go on to the next page if the current page is not complete

OPERATING LEVERAGE

how does change in revenue affect operating income, this has to do with the cost structure. You are using fixed cost as a leverage, to help you produce a lot of profit. Revenue - Variable cost - Fixed cost = Operating income

CARRYING COST

how much it cost to hold the inventory in stock, like insurance, storage, security, depreciation, rent

80 PERCENT LEARNING CURVE MEANING

if the beginning unit were double, when the worker gets to the last unit, the time it takes to produce the first will be reduce by 20 percent.

FACTORING WITH RECOURSE,

if the borrower never pays, the factoring company would collect some amount from the seller of the receivables. the seller of the receivable is not off the hook

FACTORING WITHOUT RECOURSE

if the borrower never repays the money, the factoring company loose everything. Because they cannot come back to the seller of the receivable for payment.

OUT OF THE MONEY

if the intrinsic value of the option is zero. value of the underlying asset is less than the exercise price. publix stock is 50.00, to exercise it. publix stock is trading at 40.00

EXCESS CAPACITY RELATIONSHP WITH FIX COST

if you have this, you do not have to look at fix cost, you do not have to think about it because you would pay for fix cost regardless. Your relevant cost is DM,DL VOH, if you do not it, you need to look at fix cost and find best way, or cheapest fix cost.

PRODUCT COST:

included, what's included on the making of the product.

INFLATION

increase in price of goods, and reduction in the purchasing power of money

CLOUD COMPUTING

information that is store on the cloud, it's really like a galaxy that has lots of information. Many organizations are looking for access to that information.

INTERGRATION TESTING

integration between integrated components, are there any defects

EAVESDROPPING ATTACK/SNIFFING/SNOOPING

intercepting data so you can steal info/password

REGISTERED BONDS

interest and principal on this bond is paid to the owner.

BEARER BONDS

interest and principal paid to whoever bears/hold the bonds.

FLOATING RATE BONDS

interest rate of this bond is variable based on the market.

NONCONFORMANCE COST

internal and external failure cost

DERRIVATIVE INSTRUMENT

investment whose value depends on another assets value. Tampa bays bucks tickets are selling at a higher price than the Carolina panthers, because the BUCKS just won the SUPER Bowl.

SPLIT COST

it comes after joint cost. after tomato you can make tomato sause and apple juice

RISK ASSESSMENT

it forms the core of an organization contingency planning. (business resiliency). It involves assessing the type of vulnerability that each organization critical system is subject to. The likelihood of it being exploited and countermeasure to be taken. Amazon does this to find out which customers data are more important than other, the probability that the information could get stolen and what is the first thing they would do should that happen.

PUT OPTION

it gives the buyer the right to sell the underlying assets at a specific price within a specific time. You gain when the price of the underlying goes down

EXPORT TRADING COMPANY ACT OF 1982

it lets foreign company forms trading export company without regard to U.S antitrust law.

CONTROL REVALIDATION UPDATES

it periodically revalidates the operation of internal control in the absence of changes.

BUSINESS INTELLIGENCE

it provides immediate information about an organization critical success factor, where the organization is at and how to steer it in the correct direction, it also gives information about the competitors

PAYBACK METHOD

it tells you the years you will be your money back , completely ignore the time value of money.

SALVAGE VALUE ON NPV

it's a cash inflow, you add it your inflow total and also discount it to the proper time period. what you have left of an asset after it's useful life.

COBIT

it's a framework that lays out how a company IT should function, or the role of IT. It started out as ...5, they basically added more components to it in which it becomes ... 19 What is the acronym stands for?

IMPUTED INTEREST

it's a way for the IRS to collect revenue. Back in the day, they were not collecting revenue on small loan at all, now day they do for just about every loan. If a dad lends his son 75,000 to start a business, if the applicable rate is 7.6 percent, the IRS will put down the DAD receives 5700 for the year even though the DAD never did. 7.6 percent of 75000.

KILLER APPLICATION

it's like an APP, the key is, it's so useful, it gives the company a competitive advantage and help drive sales. This could be like Spotify, or ITUNES for apple product. keyword is innovation

DIGITAL CERTIFICATE

it's like your website, this tells your user about who you are, like if this website is safe for them to go to. Your identity. It proves your authenticity

DEPRECIATION

it's not a tax expense, more like a gain, you have to discount it to proper time period and interest add the tax shield to your cash inflow.

HYPERTEXT MARKUP LANGUAGE (HTTP)

it's those website language, when you click on www.facebook.com, it goes to Facebook.

KINKED DEMAND CURVED

keeping the market share equal between the firm. price decrease follows price decrease, but if a firm increase price other will probably not follow in this type of market, since there's not lots of firm, no firms want firm to get the majority of the market.

BUSINESS CONTINUITY MANAGEMENT

keeping the organization going after disaster. continuation of the business through other means after computer processing is unavailable or less than normal. Your goal is to restore critical access as soon as possible and to keep disruption cost low.

COMPENSATING BALANCE

key word is DOWN PAYMENT FOR A MORTGAGE. compensating means you must have something in the bank before the loan will let you borrow money. It's like a collateral if you do not pay the bank can then take it. Example could be a down payment for a mortgage.

DECISION SUPPORT SYSTEM

key word is Super Bowl in the DELI at Publix; this helps solve semi structured problem- which the computer can solve. And unstructured problem: which require the user own judgment.

CYCLYCAL UNEMPLOYMENT:

key word is corona virus. the economy is down. A general cause.

PORTFOLIO VIEW

key word is entity wide, country wide. a broader way, looking at the risk from a higher perspective, like entity wide. this for Publix can be the risk of the whole company of going onto a new market. Looking at the gang situation in the country instead of where it mostly is at the capital- PORT AU PRINCE.

ANNUITY DUE

key word is monthly rent payment at the beginning of period. For instance, in the U.S, customer pays their bill at the beginning of every month. I pay my rent on the 2nd of the month every time.

ABSORPTION COSTING, FULL COSTING

key word is oxygen, products absorbs all of the cost as your body absorbs oxygen. fixed cost is included

PROFITABILITY INDEX

key word is percentage. What percentage the NPV or the NPV future cash saving total is to the amount that was initially invested. Your money is limited , you have to choose the one with the highest return.

VIRTUAL PRIVATE NETWORK

key word is remote. This is used for remote access to access a network. When employees are working from home, they used that kind of network to connect to the Company's computer.

DEBT CONVENANT

key word is restriction. You are selling bonds, or in other word, you're buying money at a percentage, the lower the percentage you borrow the money, is the better it is for you, because you will pay less interest, so you may get into this agreement where you agree to limit your long-term debts so that your current investors will let you borrow the money at a lower interest rate. It will be less risk for them if you have less long-term debts, it's all about risk.

SPOT RATE

keywor is today. The number of unit of the foreign currency you can receive today for the domestic currency.

TOTAL QUALITY MANAGEMENT

keyword is CONTINUOUS IMPROVEMENT. you're always looking to better your quality. It's an improvement not a destination. The better your quality is the more revenue you have and that also decrease cost. Apple products have good quality management. The word is already in it- QUALITY. it has 5 steps.

ERP (ENTERPRISE RESOUCE PLANING),TRADITIONAL ERP system ERP II

keyword is SAP, Integration, interchangeably. automates many back offices function. SAP pulls the report for amazon. this system put all of the different management system together, pulls information from them and make the decision, like the finance department, the HR department, Risk department. think about all of the different department that gets involved when you order something from amazon.

NETWORK FIREWALL

keyword is Separation it regulates inside and outside traffic on a computer keyword is a security and a rockstar, or president in the palace. only the allowed message will come in. children/graphic images prevention.

COEFFICIENT OF CORRELATION

keyword is correlation, which means relation, related, are there any relation between the variables. -1,to 1. If its 1, every time x goes up one, Y goes up one. 1: shoe size and feet -1: speed and Gaz 0: there's none, the number are just all over the place. The number of hair on your head and your age.

DISTRIBUTED PROCESSING

keyword is decentralization. It involves the decentralization of processing task and assigning function to many different computers. Data could reside locally; this decreases data communication traffic.

ONLINE ANALYTICAL PROCESSING SYSTEM

keyword is drill down analysis. chicken sale is down, from state, region, district and stores to find the reason

PARETO DIAGRAM

keyword is individual. bar graph to look at COVID cases by states. this help management to identify areas that are in great needs of attention

SOLVENCY

keyword is liquidity. are you able to pay your debts, a firm's ability to pay its non-current obligation as they become due.do you have cash? this will help you stay in business for in the long run.

CAPITAL BUDGETING

keyword is long term investment. using the organization resources in the most efficient way possible to achieve desirable long-term outcomes.

HEDGING

keyword is protection. Forgoing potential gain to protect against potential losses

HISTOGRAM

keyword is range. at the toyota delearship, you have this amount of cars that have between 5000 to 50,000 miles. also think of history, like there could be a list of events that happened from 2000 to 2022, it will help you see the year with the most event.

BOTTLE NECK

keyword, congestion, inefficiency in production. when there's an inefficiency in production. Like in the assembly line in the bakery at Publix, there may be a situation where they just made a new cookie, because the production team forget to add some ingredients in it or not sure the best way to make the process flower effectively and efficiently, a lot of cookies are coming out and the worker in the assembly line cannot keep up. congesting in production.

POINT OF SALE

keyword: cash register at Publix. when you're doing business, after the customer buys from you, It's the place/spot where the customer pays you. for Publix that's the cash register, self-checkout register, this help with instant update of accounting record

FORWARD CONTRACT

keyword: locked in my interest rate for my wife and I house a week before, when two parties get into an agreement where on will perform and the other will pay.

DISECONOMY OF SCALE

keyword: long run average cost increase. company is becoming more inefficient due to size. I see this in the deli, you must have the right amount of people to operate properly. If there's to many workers in the deli, you will have to many people at the sub shop, traditional and other. When there's to many of them, they will talk amongst themselves the same amount of work that 2 associates use to do will take 4 associates more time to complete.

SHORT TERM FINANCING

large current liability like a note payable due in a year or less. Commercial paper. your interest rate is lower, but there's liquidity risk, the risk that you may not be able to meet your current obligation

FEDERAL RESERVED M2

less liquid form of money supply.

QUOTA

limit on quantity that can be imported.

Uniform Resource Locator (URL)

location to find webpage. UT.edu, IRS.GOV

ECONOMY OF SCALE

long run average cost decrease. the idea how the company can help save cost with more production. Airplane has to spend lots of money for gas and other stuff just to fly. They more people you care the better it is for you. Just to carry one person, there's a lot of cost for gas and other cost.

ECONOMY OF SCALE

long run average cost decrease. the idea how the company can help save cost with more production. Airplane has to spend lots of money for gas and other stuff just to fly. They more people you care the better it is for you. Just to carry one person, there's a lot of cost for gas and other cost. Short run average cost decrease too

DISECONOMY OF SCALE

long run average cost increase. company is becoming more inefficient due to size. I see this in the deli, you must have the right amount of people to operate properly. If there's to many workers in the deli, you will have to many people at the sub shop, traditional and other. When there's to many of them, they will talk amongst themselves the same amount of work that 2 associates use to do will take 4 associates more time to complete.

LONG TERM FINANCING

long term debt, equity. you mitigate liquidity risk. while you will not be short of cash, you will always have cash on hand but at a higher interest rate.

DATABASE MANAGEMENT SYSTEM

looking for a term but in the meantime, think of how the fryer filter the oil so the oil is ready for the next person. it manages the incoming data, organize, and provide ways for the data to be used by other user. An integrated set of software tools, superimposed on the data files, that helps maintain the integrity of the underlying database.

BUY

maintenance cost, depreciation, interest expense, tax rate, the principal amount, after tax cash flow, discounted after tax cash flow, you make your decision after you do that comparison.

FISHBONE DIAGRAM

management process improvement technique that looks at cause and effect. In the deli, if the birds run goes late, we will sell less. cause and effect. if you do not cook catfish in the busy hour, it will not sell.

ROI DISADVANTAGE

management will reject the project even it decreases the percentage, even though it increases shareholder value.

MONOPOLY

market is completely blocked. Unique product. Railways. GOOGLE, Microsoft has 75 percent of the market share and is the leader in technology. The demand curve is below the demand curve, it's a MONOPOLY because the demand curve is steep.

OPPORTUNITY COST

maximum benefit forgone by using resources for a given purpose instead of the next best alternative. if Publix is paying you 50,000 yearly salary and IRS is paying you 55000 yearly and you chose IRS, the opportunity cost of choosing IRS is 50,000 from Publix. potential benefit given up when one alternative is selected over the other.

CSF CRITICAL SUCCES FACTOR

measurable financial and nonfinancial, internal, and external, short- and long-term elements of performance that are vital to a company's competitive advantage.

REAL GDP

measure of all the goods a country produce in a year after inflation

NOMINAL GDP

measure of all the goods with inflation: key word is current price

GAMIFIFACTION

method of looking at goals in business as if they were in a game, such as increasing profit. It may lead to unethical behavior because of reward.

RISK MONOTORING

monitoring your blood sugar, consistently doing it to identity new risk, if you're diabetic

FEDERAL RESERVED M1

most liquid form of money supply

NET REALIZABLE VALUE

most of the time there's no profit. Revenue- cost of goods sold-disposal cost.

PURE COMPETITION

no barrier to entry, demand curve is horizontal. Perfectly elastic. Homogeneous goods, product of one seller is a perfect substitute of another. Firms produce an immaterial amount of out to the market and cannot influence price. Agricultural markets, If I go to a flea market where many different firms are selling the same product for instance, tomatoes, onions, peppers, oranges, apple and other.

EXPANSIONARY MONEY POLICY

not enough money in the economy, government adds more and lower interest rate. Consumer demand rise, it decrease tax to encourage more spending. actual income can be greater than potential income

ABNORMAL SPOILAGE

not expected to occur, goes on period cost

FORWARD RATE

number of unit of a foreign currency that can be received in exchange for a single unit of a domestic currency for some future date.

REMOTE PROBABILITY

only a small chance of happening.

IMPLICIT COST

opportunity cost, you do not have to pay these with cash. Those are accounted for economic profit.

Rule based expert system

people reason for them.

=1

perfectly elastic

=0

perfectly inelastic, quantity demanded does not affect price or price does not affect quantity demanded. For instance, if you give a discount, your revenue will decrease.

JOINT COST ALLOCATION METHOD

physcal quantity method, sales value at split off method, net relizable value method.

GENERAL CONTROL

physical control. at Publix only authorized personal are allowed to enter where the servers are. Control over data center, network operation. controls for documenting and approving programs and change to programs.

SERIAL BONDS

portion of this bond matures at regular intervals, until all of it matures.

CONFORMANCE COST

prevention and appraisal cost

DEPRESSION

price of good is reduced.

PEAK

prices rise, natural rate of unemployment, which is basically like full unemployment. real GDP stops rising.

BATCH PROCESSING

processing lots of stuff at one time. publix waits at the end of the day/week to figure out everything that was sold and send the stores a PNL

AUTHENTICATION

proving this is you. for instance, to enter your username and password.

SABARNES OAXLEY ACT OF 2002

put in place by the SEC IN 2002 to better regulate financial reporting.

SIX SIGMA

quality improvement process, goal is to reduce number of defects in mass production.

MARKETABLE SECURITY

quick assets that can be easily turned into cash. Treasury bills, euro dollars, commercial paper, money market mutual funds with portfolio of short-term... bankers' acceptance, floating rate preferred stock,

HURDLE RATE

rate the company has to clear, the rate that is required for investment.

FIXED COST

rent, mortgage payment, depreciation, insurance, , property tax,. Marketing expense.

4 GENERAL TYPE OF BUSINESS RISK

reporting, strategic, compliance and operational

DATA MINING

search for unexpected relationship between DATA. Dad goes to the beer aisle to get beer and go to the diapers aisle to get diapers.

MARGIN REQUIREMENT

set by the FEDERAL RESERVED BOARD REGULATION, minimum the purchasers of securities must deposit in the margin account.

HYPERTEXT MARUP LANGUAGE (HTTP)

set of code people use to set up a website, like if you are writing a paragraph with picture, this is the code that you would use to that. At the beginning, It was only text, or email, now days HTTP allows for someone picture to you through a link.

LEAN OPERATION

smooth rapid workflow of work through a system. You want everything to be smooth. Publix online easy ordering. You want elimination of disruption, flexibility, elimination of waste. key word, maximum level of efficiency

CROSS RATE

sometimes, two company wants to trade but they do not know their relative currency value in relation to the other. they would need to translate both currency onto a fair field so they can trade equally.

GLOBALIZATION

spread of product, technology, information around the world. An interdependence of nation around the world.

REAL INTEREST RATE

stated rate - the rate of inflation

LINEAR

straight

UNEMPLOYMENT TOTAL

structural unemployment plus frictional unemployment. the total does not take into account the people that are unemployed because the economy is down.

AGGREGATE

sum, total. Something that forms by combining, adding several amount or things. The 8 piece fried chicken mix is an aggregate of the friend chicken that we sell in the deli.

PRIVATE KEY

symmetric; same. receiver and sender know the code. If I send a message to Rachelle, I can code it and give her the same code to decode it.

SOC 1 TYPE 2 REPORT

system organization control. You're providing a type 1 opinion, but you're also express an opinion on whether the controls were operating effectively (meeting control objective) throughout the period rather than a specific date. Control over security, confidentiality, processing integrity, or privacy.

SOC 1 TYPE 1 REPORT

system organization control: sometime the issuer uses some outsource service, for instance like human resources, IT, payable, when this happens, management must provide a report that explains the description of the service organization and its effect on internal control. your role is to express an opinion on whether the service organization control is suitably design at a specific date.

PROCESS COSTING

take the total cost for all of the process divide by total units produced to find unit cost. Nestle water process add chemical to the water bottle it package it

UNIT TESTING

test individual units or pieces of code for a system. functionality of the code and passage of data between subunits.

REASONNABLE TEST

test limit, test data value against certain limit, on chain track, cannot anything above a 100 $ value, or if the unit is more than 50, the system will not let me enter it. There's a limit.

APPRAISAL COST

testing cost, statistical quality program.

INDENTURE

the agreement documentation. In this documentation, the company basically states how much interest they going to pay you for the bond.

INTRISIC VALUE OF THE CALL OPTION

the amount by which the exercise price is less than the current price of the underlying.

COST VOLUME PROFIT

the behavior of cost. cost relationship, like breakeven. once you breakeven you, can decide how you want to make more money. or how much profit you want to make. The behavior of cost.

MARKET BASED TRANSFER PRICE

the best transfer price. If the department is operating at full capacity, they will sell at the market price, if they sell below the market price for intra entity it's unjustified. If they are not operating at full capacity, using the market price to sell to internal department is unjustified.

KEY

the characteristic of this is that, it contains enough information to identity a record. When all of the item are different on the column. For instance If column A has the employees social security numbers and column B has the birth month of the associate. Column A can be identified as this term, because the social are different and each is unique to each associate where as in column B 2 different associates can have the same birth month.

SIMULATION ANALYSIS

the computer is used to generate result based on many assumptions. this is used for larger project. refinement of probability theory and sensitivity analysis.

CONTROL ENVIRONMENT

the core principles that keeps the team in place, the black panther had the couple principle they went by.

NEGOTIATED TRANSFER PRICE

the cost one department sells to another department can be agreed upon.

LEADING INDICATORS

the critical success factors that tell you how you are doing as you go. Customer perspective, Internal business process, Learning and Growth. It starts with learning and growth, training the employee. which will improve process, which will improve customer satisfaction and improve the financial result.

FINANCIAL LEVERAGE

the degree of debt, the degree to which a firm. Fixed financial cost.by taking on more debt, firm would have a higher fix interest expense, financial leverage would thus increase.

PRICE DUMPING

the foreign market. You sell the product in the foreign market for less than it cost you to make it at home so that you can drive competitor out of business

INCREASE IN FEDERAL DEBT MEANING

the government is in debt, but there's a lot of money in the market, the government infuse lots of money in the market, interest rate is low. There should be enough supply to keep up with that demand, if there's not enough, it will create demand pull inflation, which will lead to inflationary pressure. Cost of good will increase because economy is not able to keep up with the demand.

MARGINAL PRODUCT OF LABOR

the increase of output, total production. when you add extra labor. When on additional unit of labor is added

NEGATIVE BETA

the investment moves in opposite directions as the market, if the market rises, the investment falls, if the market falls, the investment rises. Investor can use this as a hedge.

NOMINAL INCOME

the literal amount you get paid with inflation. I make 17.01 an hour, if my salary is 50,000 yearly, that would be my income.

CROWD FUNDING

the money you invested cannot be more than 107,000 for a 12 month period.

FLOAT

the period of when the payee sends a payment to the payor, or the receiving party in the mail to the time the payee has availability of funds in the bank.

BYPRODUCT

the product that you make during the manufacturing of another product, left over. using goat tails ot make hair.

TARGET RESIDUAL RISK

the risk management assume knowing they will act, or they have already done something regarding to risk.

STRIKE PRICE

the set price at which asset can be bought or sold.

PREMIUM BONDS

the stated rate you are offer is higher than the market rate. You are willing to borrow at a higher interest rate than the market. Borrow 500$ State rate 12%: received 440 Market rate 8 % received 460 You may have to do that because your credit is not good.

NOMINAL INTEREST RATE

the stated rated on the loan

CONTROL BASELINE

the supported understanding, the conclusion of whether the internal control system design and whether control have been implemented to accomplish the organization internal objective.

CYPHERTEXT

the term for when the message is encrypted

LEAD TIME

the time it takes when the company order something to receive it. In the deli, tea is ordered every Saturday and received on Monday

WEIGHTED AVERAGE COST OF CAPITAL

the total of the company's debts and equity. How much it cost the company to borrow money, the amount/percentage the company is getting from the investment must be higher to that amount/percentage

REAL INCOME

the value of that money after inflation. I make 33,000 a year, it's that that it's not alot but what exactly can I but with it.

LAGGING INDICATORS

they are like the financial ratio, income statement is prepared after everything, but this does not really help a lot because it's done at the end. Sometimes you need something to tell you how you are doing as you go. Yes, we can take corrective action but it maybe to late

PERIOD COST

they are not included in the making of the product. Marketing. Interest expense, they will be expensed right when they incurred, as they incurred.

DATA STEWARD

they ensure data are accurate and authorize who can access the data.

DATA OWNER

they make decision about data and use data to make business decisions.

PRICE CEILING

think of a ceiling, it cannot past the ceiling. This sets the maximum price on the goods. Government can limit how much company can price certain drugs, lab test, rent. During the corona virus, that happened a little bit with rent, when you can only charge so much for the item like rent, a lot of people wants to rent, and landlord are not willing to do it at that price, this creates a shortage.

HOT SITE

think of a hot side in the Deli, ready to eat now. Fully operational facility, that is immediately available.

COLD SITE

think of cold food in the Deli. Cold chicken tenders. You can eat it, but you would want to put it in the microwave first. The organization have the facility, but nothing is installed as far as the electronic.

FEDERAL DEFICIT

this basically means that the amount the government has coming in is less than the amount they borrow. If the tax rate is reduced and the instalment payment increase, this means exactly that.

ZERO COUPON BONDS

this bond has no interest

TERM BONDS

this bond mature at a specific time.

SINGLE BONDS

this bond matures at the end of its term

COMMODITY BONDS

this bond pays interest based on a commodity like gold

DATA TAXONOMY

this classifies the data by the function of the data, think of tax data, financial data, product data, manufacturing data.

DIGITAL SIGNATURE

this does not mean an electronic signature. I can use this to accept a contract. The sender uses his private key to encode a message, the user then use his public key to decode the message.

CALL OPTION

this gives the buyer the right to buy the underlying asset at a specific price within a specific time.

LEVERAGE

this gives you an advantage. what are you relying on, the higher your debt ratio is the higher you are relying on debt? This means reliability

PARITY CHECK

this happens a lot in Deli and in my life, because of my accent, I said something, and people are in shock thinking I said something else. they repeat it back to me to be sure, the computer would do the same thing if there were some interruptions along the day. already build into the computer.

MANAGEMENT INFORMATION SYSTEM

this help middle manager in carrying out routine decision. it organizes information , and generate, report, specific details about a business. human resource part of an organization could be an example

GROUP DECISION SUPPORT SYSTEM

this helps you make decision in group. This is related to the DELPHI approach. Publix has associate acquisition specialist that helps with the recruiting of associate in every region. The acquisition specialist for the ATLANTA division could try to get all the DM in Atlanta in a room to discuss the reason of best way to retain associates. They would only get so far as it's only one division however, if the talent acquisition specialist gathers all of the division, it will provide better results.

STATISTICAL CONTROL CHART

this helps you see the quality of the process visually. Sometime processes are subjected to change, it lets you see the variation. For instance, if the value fall within the control limit, no action is taken, if not, action needs to be taken.

BUSINESS IMPACT ANALYSIS

this identifies all of the important process that you would need to have in order to function after, or during a disaster. And how soon those process should be recovered.

HORIZONTAL SCALABILITY

this increases computing by increasing the number of computers. If there were 12 computers, you can increase it up to 20 computers. You will have more computing capacity. In the DELI, management brings in 5 new part time instead of 1 full timer. With 5 new part timer, you are increasing efficiency by bringing more people.

CUSTOMER DEPOSIT

this is a current liability, when I bring my money to mid Florida credit union, I give right to the cash at the time.

TRANSACTION PROCESSING SYSTEM

this is designed to handle large volumes of routine, recurring transactions. each transaction is a single separate event that can be stored in an information system.

SMART CARD

this is like a credit card. Something that has a chip.

OPERATING LEASE

this is something where a vendor like subway rents a room to operate at one of the Publix PLAZE.

COEFFICIENT OF DETERMINATION

this is the coefficient of correction x coefficient of correlation. Coefficient of correlation square. This is used to explain the variation in the dependent variable caused by the independent variable

Extensible Business Reporting Language (XBRL)

this is used specifically for the sharing, developing and preparation of financial statement.

BLACKSHOLES MODEL/VARIABLES REQUIRED

this is used to measure option the required variables for this is Exercise price, price of the underlying, interest rate and time until expiration.

BIG DATA

this looks at all types of data, structure, semi- structured, large amount of information. there's a lot of information that one can get from that information if you play with them, and that information is help with the prediction of outcomes and behaviors.

DISINVEST

this means discontinue. Like at the Publix that I work at, Store 1711, if they're not selling a lot of it , they will get rid of it.

DISCOUNTED CASH FLOW

this means reduced cash flow. 100 reduced at 5 percent is basically taking 5 percent from 100. 100/1.05=95

LEVERED

this means that all your capital is financed from equity

COMPARATIVE ADVANTAGE

this means that you can do it more efficiently than your competitors, you have an edge. Lebron James advantage compare to the other NBA players.

EXTRANET

this permit sharing of information between two or more organization. (external). no need for EDI, you give the supplier your system info and they will put someone in charge, and they will sell you when you are running low on stuff.

INTRANET

this permit sharing of information within an organization using the internet. (internal communication)

ECONOMIC ORDER QUANTITY

this process helps company to maximize quantity order and minimize cost.

INFRASTUCTURE AS A SERVICE (IAAS)

this provides an organization with the infrastructure. Like the hardware for information storage. If I lease a hotel, I will get the physical space to put the guest.

VALUE ADDED NETROWK

this provides company with a secured way to send information. Publix and General Mills communicates with each other one through EDI. it helps company detect and correct error.

CARDINALITY

this represents how close two items are to being unique.

SUBOPTIMIZATION

this result when the goal of the segment organization is different than the organization's goal.

UNSYSTEMATIC RISK

this risk is only specific to one firm in the market. it can be upset through diversification. the Lays worker are on strike only affects LAYS.

KEY PROCESS

this supports business mission and would prevent them from accomplishing objectives if it's not done. like if Publix DISTRIBUTION segment does not work, many of the store will not get delivery.

EXPERT SYSTEM

this system help solve unstructured problems.

R SQUARED IN REGRESSION ANALYSIS

this tells you how accurate the relationship between the activity and the cost is, if it's at 80 percent, there's a relationship. Activity drives the cost, if it's at 10 percent, there's not so much of a relationship

INCOME BONDS/REVENUE BONDS

those bonds are from income and revenue.

SUBORDINATES DEBENTURE/SECOND MORTGARGE BOND

those bonds are inferior to superior bonds.

INDIRECT LABOR

those people work but they do not directly work in making the product. At the Publix bakery warehouse, the security guard, supervisor, superintendent works to keep the place safe, but they do not make the cookies.

FORWARD PREMIUM

today 100 yen =1$, in 30 days 110 yen = 1$ the U.S money is more in the future, what is it trading it at?

RESTRICTIVE MONEY POLICY

too much money in the economy. Government takes some away and increase interest rate

AGGREGATE DEMAND

total of the demand for good service in an economy

BRUTE FORCE

trying large number of letters and number to access a network

SIMPLE REGRESSION ANALYSIS

uses on independent variable. x = the independent y= dependent B= slope R square= coefficient of deternmination

MULTIPLE REGRESSION ANALYSIS

uses one dependent variable and many independent variables.

IN THE MONEY

value of the underlying asset is more than the exercise price., you do not want to sell it at the exercise price, because that's break even.

STRATEGY MAP

visual representation of the key driver of the balance scorecard. finding out what you need to do to make your customer happy.

ACTIVITY BASED COSTING

way of allocating cost 1) by the activity 2) to the end product. some characteristic you look at are: behavioral effects, degree of correlation and cost measurement.

ELECTRONIC FUNDS TRANSFER

way of receiving, sending transaction, cost of that is relatively low compared to manual transaction, because the computer does most of the work, you do not need that much manpower to complete the transaction.

INDEPENDDENT VARIABLE

what causes the change. If I'm diabetic, I can try to monitor my blood sugar using different type of insulin.

DEPENDENT VARIABLE

what change. My blood sugar will change based the type of insulin I take.

ISACA

what is ISACA stand for

ACTUAL RESIDUAL RISK

what's left after management has acted. This needs to be lower than target residual risk.

DISCOUNT BOND

when I issue it, the rate I issue it for is lower than the market rate. Stated rate is 8 % Market rate is 12% I borrow 500 $, and received 460 If I did it from the market, I would have received 440. You must offer some incentive, if the investor could lend his money to the market at a higher percentage, why would he lend it to you at a lower percentage.

MACHINE LEARNIG

when I wanted to buy the IPAD at amazon, lots of different IPAD shows up. amazon always has stuff for me to buy on my suggested list. This allows the computer when exposed to new information, data, to learn, grow develop by themselves.

INHERENT

when a character is part of something innate in a species. like a bird's ability to fly. As human we have common sense. Something you are born with.

HORIZONTAL INTERGRATION

when a company buys another company that is in the same industry at the same stage. Marriot hotel bought starhood hotels and resort, Disney bought 21st century fox to improve market share.

INTERNAL CONTROL CHANGE MANAGEMENT

when change is occurred or identified, new control baseline should be established. Changes must be managed.

FORWARD PREMIUM

when comparing it to the spot rate whichever currency is higher in the forward market is trading this term.

FORWARD DISCOUNT

when comparing it to the spot rate whichever currency is lower in the forward market is trading this term.

INTERNAL COST

when defective product is detected before additional product are added. Like scrap. You discover it, before you ship the product but after appraisal- testing.

PRICE FLOORS

when suppliers are allowed to price above the equilibrium, this creates a surplus

DEMAND PULL INFLATION

when the price of good increases because the economy cannot product enough to keep up with the demand. When covid first started, the price of hand sanitizer went up because the supplier could not produce enough to meet the demand.

COST PUSH INFLATION

when there's not enough supply, supply shock, material cost increases. Service decreases due to production cost increase, when you go to Walmart many of the chips shelf are empty because the workers are on strike for higher wages.

SYSTEMATIC RISK

when this risk happens, it affects all of the firm in the market, for instace, CORONA, affects just about every firm in the market.

SWAP AGREEMENT

when you agree to exchange interest payment based on one interest structure. your rate is fixed,the other party rate is variable.

PEANUT BUTTER COSTING

when you are allocating item cost like a kitchen with your head cut off lol, you take the total divide by how many units you produce even though you produce 20 different unit and produce a different amount of each

CYCLE TIME

when you buy a house, builder tells you , it will be done in 6 months.

DATA FUSION

when you combine data so you can make sense of them. the Federal Aviation Administration could combine all of the data to figure out at what time of the day at which the most amount of airplane is in the air.

STOCKOUT COST

when you do not have the product, the customer goes somewhere else and gets it, this is an opportunity cost.

MARGINAL PROPENSITY TO CONSUME

when you get a raise, the portion of the raise that you spend on goods, instead of saving it.

INCOME SMOOTHING

when you shift revenue to lower variable income. fraudulent financial reporting.

SENSITIVITY ANALYSIS

when you use trial and error to generate result. what-if analysis. customer info is very sensitive info. if they are leak, your revenue will decrease by 44 percent, if they are leaked by accident, you can already predict that, your revenue will not be more the 66 percent of sales.

CONCURRENT UPDATE CONTROL

whoever comes first will get it first. If there's only one ticket left for American airlines, 20 people want to buy tickets, I hit submit first, I will get it.

MAN IN THE MIDDLE ATTACK

you access information through the network, you access packet flowing through a network trying large combination of letter and number to access the network.

PREVENTION COST

you are preventing the product from being defective, safety employees training, review of equipment design and maintenance.

LONG POSITION

you believe it will increase over time; you hold it so you can buy when it increases

SHORT POSITION

you believe the price will decrease in a short period of time, you sell it now, and wait for it to drop and quickly buy it at the lower price when it drops.

FINANCE LEASE

you borrow money to finance a property that you bought. Subway can borrow money to buy the property from Publix.

MARGIN ACCOUNT

you borrow some money from the brokerage account to buy securities and the creditor charges interest.

CONVERTIBLE BONDS

you can convert this bond into equity

COMPATIBILITY TEST

you cannot put the name of your favorite car in a place where they ask for your birth date. What you put in must be appropriate to the field. If they ask for your favorite color, you cannot put in your social security number.

SPOOFING

you create a false website; people go into it, and you steal their info. misrepresentation in cyberspace. email that is not legitimate are sometime use as a bait for the user to click on it.

ELASTICITY WHEN PRICE DECREASE

you divide the difference by the total of the two amounts. 12$ decrease to 5 $ I would do 12 $-5$ = 7 divided by 17

ELASTICITY WHEN PRICE INCREASE

you divide the difference by what the price was before it increases. 5$ increase to 12$ I would do 12$-5$= 7$ divided by 5

PREFFERED SHARE

you do not have voting rights. but have priority over the company asset, in case of bankruptcy. you get cummulative dividents

INTEREST RATE IN CASH FLOW

you do not pay tax on interest because it does not decrease the amount that you owe, it's the principal that decrease the amount you owe. If you owe 50,000, you have to pay 2500 every week, interest rate is 12 percent, you amount is only decrease by 1850 every time you pay.

PURCHASE REQUISITION

you fill it out to and put everything that needs to be ordered, everything that you need. Purchasing and receiving works together on this, purchasing looks what they have on hand and order what they do not have.

SCRAP

you have direct material left over from what you were making. You have sugar left over from the doughnut, you can sell that sugar, the money you get, it will help you decrease overhead, the light bill you were going to pay. Or you can get rid of it and the cost of it again can be put with the cost of what you produced.

LONG TERM FINANCING

you have low liquidity risk as far as current liability, but you interest rate is higher.

SYSTEM ANALYSIS

you learn how the current system works, determines the needs of the user, and develop logical requirement for what you're proposing.

JOB ORDER COSTING

you priced item per job. TOYATA, CGS are different for each car because not all cars goes to the same department.

DELPHI APPROACH

you solicit opinion from expert and provide the response back to the expert in order to come to a consensus conclusion. A good example could be if someone wants to know the best ways to fix Haiti problem now and get it on a right path to redemption you can gather a group of professionals and ask them question like what's the best way for Haiti to move forward, best way to use Haiti resources, each will provide a response then gather to talk about the responses and come to an agreement about the best way. The board of an organization thinks for the organization, think of a board of directors of an organization.

ROBOTIC PROCESS AUTOMATION

you use digital system and software to have a robot performs human task. Publix central fill facility use this to help separate the pills and put them where they're supposed to go.

JUST IN TIME

you work with supplier to be sure you inventory is received exactly when production is scheduled to begin. Exactly when you need it.

FRICTIONAL UNEMPLOYMENT

you're out of work because you want to gain more schooling, you're moving in between jobs, going to another state. think of FIU, FLORIDA INTERNATIONAL UNIVERSITY.

SHORT TERM FINANCING

your interest rate is lower, but you have more liquidity risk, which means that you are more at risk to not be able to pay all of your... liabilities to meet current operation