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Definition
| a detailed plan for the future that is usually expressed in formal quantitative terms |
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| A series of steps that are followed in order to carry out some task in a business |
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| anything that prevents you from getting more of what you want |
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| the process of gathering feedback to ensure that a plan is being properly executed or modified as circumstances change |
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| Corporate Social Responsibility |
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Definition
| a concept whereby organizations consider the needs of all stakeholders when making decisions |
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| selecting a course of action from competing alternatives |
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| Enterprise risk management |
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Definition
| a process used by a company to identify its risks and develop responses to them that enable it to be reasonably assured of meeting its goals |
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| the phase of accounting that is concerned with reporting historical financial information to external parties, such as stockholders, creditors, and regulators |
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| A management approach that organizes resources such as people and machines around the flow of business processes and that only produces units in response to customer orders. |
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| the phase of accounting that is conerned with providing information to managers for use within the organization |
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| A report that compares budgeted data to actual data to highlight instances of excellent and unsatisfactory performance |
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| the process of establishing goals and specifying how to achieve them |
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| a part or activity of an organization about which managers would like cost, revenue, or competitors. |
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| a company's "game plan" for attracting customers by distinguishing itself from competitors |
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| a management approach that emphasizes the importance of managing constraints |
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| The major business functions that add value to a company's products and services, such as research and development, product design, manufacturing, marketing, distribution, and customer service. |
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| a method for analyzing cost behavior in which an account is classified as either variable or fixed based on the analyst's prior knowledge of how the cost in the account behaves. |
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| A measure of whatever causes the incurrence of a variable cost. |
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Definition
| all executive, organizational, and clerical costs associated with the general management of an organization rather than with manufacturing or selling |
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