Flashcards in Chapter 1 Deck (12):
A detailed plan for the untrue that is usually expressed in formal quantitative terms.
A series of steps that are followed in order to carry out some task in a business.
The process of gathering feedback to ensure that a plan is being properly executed or modified as circumstances change.
Corporate Social Responsibility
A concept whereby organizations consider the needs of all stake holders when making decisions.
Selecting a cours of action from competing alternatives.
The phase of accounting that is concerned with reporting historical financial information to external parties, such as stock holders, creditors, and regulators.
A management approach that organizes resources such a s people and machines around the flow of business processes and that only produces units in response to customer orders.
The phase of accounting that is concerned with providing information to managers for use within the organization.
The process of establishing goals and specifying how to achieve them.
A part or activity of an organization about which managers would like cost, revenue, or profit data.
A company's "game plan" for attracting customers by distinguishing itself from competitors.