key words

Question 1

What does Synergy mean?

Answer 1

when organisations achieve more than individuals could on their own

Question 2

What does NFP stand for?

Answer 2

Not for profit

Question 3

What does NGU stand for?

Answer 3

Non-governmental organisations

Question 4

What does SBU stand for?

Answer 4

Strategic business unit

Question 5

What does AIDA stand for?

Answer 5

awareness
interest
desire
action

used to get customers to buy products

Question 6

What does UA stand for?

Answer 6

uncertainty avoidance

Question 7

What does PD stand for?

Answer 7

Power index

Question 8

What does ACCURATE stand for?

Answer 8

Accurate
Complete
Cost
Relevant
Adaptable
Timely
Easy to use

Question 9

What does IS stand for?

Answer 9

Information systems

Question 10

What does TPS stand for?

Answer 10

Transaction processing system

Question 11

What does MIS stand for?

Answer 11

Management information system

Question 12

What does DDS stand for?

Answer 12

Decision support system

Question 13

What does EIS stand for?

Answer 13

Executive information system

Question 14

What does ES stand for?

Answer 14

Expert system

Question 15

What does PEST stand for?

Answer 15

• Political/Legal factors
• Economic factors
• Social/Demographic factors
• Technological factors

Question 16

What does PESTLE stand for?

Answer 16

• Political
• Economic
• Social
• Technical
• Legal
• Ecological/Environmental

Question 17

What does PED mean?

Answer 17

Price elasticity of demand

Question 18

What does SRACTC mean?

Answer 18

The short run of average total cost curve

Question 19

What does BOP mean?

Answer 19

Balance of payments

Question 20

What does PSNCR mean?

Answer 20

Public sector net cash requirement

Question 21

What does SWOT mean?

Answer 21

Strengths
Weaknesses
Opportunities
Threats

Question 22

What does IFAC mean?

Answer 22

International Federation of Accountants

Question 23

What does ACCA mean?

Answer 23

Association of Chartered Certified Accountants

Question 24

What does IESBA mean?

Answer 24

International Ethics Standards Board for Accountants

Question 25

What does NED mean?

Answer 25

Non-Executive Directors

Question 26

What does CEO mean?

Answer 26

Chief Executive Officer

Question 27

What does CSR mean?

Answer 27

Corporate Social Responsibility

Question 28

What does FCA mean?

Answer 28

Financial Conduct Authority

Question 29

What does PRA mean?

Answer 29

Prudential Regulation Authority

Question 30

What does OFGEM mean?

Answer 30

Office of Gas and Electricity Markets

Question 31

What does FD mean?

Answer 31

Finance Director

Question 32

What does CFO mean?

Answer 32

Chief Financial Officer

Question 33

What does IFRS mean?

Answer 33

International Financial Reporting Standards

Question 34

What does IASB mean?

Answer 34

International Accounting Standards Board

Question 35

What does IAS mean?

Answer 35

International Accounting Standards

Question 36

What does SAC mean?

Answer 36

Staff Accounting Billetin

Question 37

What does FRC mean?

Answer 37

Financial Reporting Council

Question 38

What does ASB mean?

Answer 38

Accounting Standards Board

Question 39

What does FRS mean?

Answer 39

Financial Reporting Standards

Question 40

What does SSAP mean?

Answer 40

Statement of Standard Accounting Practice