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Matching Quiz
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Match the following terms to its definitions.
1


Managerial accounting

2


Financial accounting

3


Planning

4


Directing and motivating

5


Controlling

6


Decision making

7


Budget

8


Performance reports

9


Big data

10


Data analytics

11


Planning and control cycle

12


Strategy

13


Segments

14


Business process

15


Value chain

16


Enterprise risk management

17


Corporate social responsibility (CSR)

A)A quantitative plan for acquiring and using financial and other resources over a specified future time period.
B)Mobilizing people to carry out plans and run routine operations.
C)A game plan that enables a company to attract and retain customers by distinguishing itself from competitors.
D)The flow of management activities through planning, directing and motivating, and controlling, and then back to planning again.
E)Developing goals and specifying how to achieve them.
F)Purpose is to provide information to managers for use in planning and controlling operations and for decision making.
G)Any parts of an organization that can be evaluated independently of other parts and about which the manager seeks financial or non-financial data.
H)Consists of the major business functions that add value to a company's products and services.
I)A concept whereby organizations consider the needs of all stakeholders when making decisions.
J)Purpose is to provide information to shareholders, creditors, and other stakeholders outside the organization.
K)The process of analyzing data with aid of specialized systems and software to draw conclusions about the information they contain.
L)Selecting a course of action from among alternatives.
M)Detailed reports prepared on a periodic basis that compare budgeted data to actual data.
N)A series of steps that are followed to carry out some task or activity in a business.
O)Gathering feedback to ensure that the plan is being properly executed or modified as necessary.
P)Large collections of data that are gathered from inside or outside a company to provide opportunities for ongoing reporting and analysis.
Q)A process used by a company to proactively identify and manage foreseeable risks.







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