Section D Simple Flashcards Preview

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Flashcards in Section D Simple Deck (7)
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1
Q

What does finance have the biggest influence on in to ‘information to impact’ model?

A

Influence
Impact
Advise
Apply

2
Q

What does tech and automation has the biggest influence on it the ‘information to impact’ model?

A

Information
Insight
Assemble
Analyse

3
Q

What is outsourcing?

A

Contracting out aspects of work

4
Q

What is a shared service centre?

A

Org chooses to consolidate activities at one site

5
Q

What are transaction costs?

A

Indirect costs incurred in performing a particular activity. E.g. expenses incurred through outsourcing

6
Q

What functions does McKinsleys report suggest will be automated by tech?

A
Data Collection
Data Processing
Applying Expertise
Stakeholder Interactions
Managing Others
7
Q

What is RPA and what does it provide?

A

Robotic Procesa Automation

Provides opportunities to automate many routine, clerical activities