Creado por Antonio Orange
hace casi 9 años
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Pregunta | Respuesta |
appropriation | v |
coefficient of determination | a measure of dispersion that indicates the goodness of fit of the actual observations to the least squares regression line; indicates what proportion of the total variation in y is explained by the regression model |
committed costs | a cost related to either the long-term investment in plant and equipment of business or the organizational personnel who are deemed essential by top management; cannot be changed without long-run detriment to the organization. |
cost avoidence | refers to reductions that cause future spending to fall, but not below the level of current spending. |
Cost consciousness | a company-wide attitude about the topics of cost understanding, cost containment, cost avoidance, and cost reduction. |
Cost containment | the practice of minimizing to the extent possible period-by-period increases in per unit variable and total fixed costs. |
cost control system | a logical structure of formal and/or informal activities designed to analyze and evaluate how well expenditures are managed during a period. |
cost reduction | the practice of lowering current costs, especially those that may be in excess of what is necessary. |
discretionary cost | a cost that is periodically reviewed by a decision maker in a process of determining whether it continues to be in accord with ongoing policies. |
electronics data interchange EDI | a system that allows for electronic data transmission between organizations; commonly used in the process of e-procurement. |
engineered costs | a cost that has been found to bear an observable and known relationship to a quantifiable activity base. |
e-procurement systems | an electronic B2B buy-side application controlling the requisitioning, ordering, and payment functions for inputs. |
forward contracts | an informal agreement traded through a broker-dealer network to buy and sell specified assets, typically currency, at a specified price at a certain future date. |
hedging | using options and forward contracts to manage price risk |
options | an agreement that gives the holder the right to purchase a given quantity of a specific item at a specific price. |
price elasticity | a numerical measure of the relationship of supply or demand to price changes. |
random | the concept that some portion of a cost is not predictable based on the cost driver the cost is stochastically rather than deterministically related to the cost driver. |
spend analysis | is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. |
uncertainty | the doubt or lack of precision in specifying future outcomes. |
working capital | the amount remaining after total current liabilities are subtracted from total current assets; measures the amount of an organization's liquid assets; may also be referred to as not working capital. |
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