Quizlet

Business/Entrepreneur Flashcards | Quizlet

Business/Entrepreneur Flashcards | Quizlet

 

A tangible item that exists in nature or is made by people.
Intangible work that provides time, skills, or expertise in exchange for money.
They do not own businesses, they work for others who do.
A person who assumes the risks of organizing and managing a business for the sake of potential rewards.
Ability of a thing to maintain itself or recover its potentialities
The system created by making business decisions.
The study of how different groups answer the business questions.
Free Enterprise System (a.k.a. capitalism)
Economic system in which businesses are privately owned and operate relatively free of government interference.
Money or property owned or used in business.
Voluntary Exchange (trade)
A transaction between two parties who agree to trade.
Involuntary Exchange (robbery)
Opposite of volunary exchange such as robbery.
Small Business (gov’t definition)
Defined by the U.S. Small Business Administration’s Office of Advocacy as
Read More

Business Intelligence Flashcards | Quizlet

Business Intelligence Flashcards | Quizlet

 

comprehensive, cohesive and integrated set of applications used to capture, collect, integrate, store, and analyze data with the purpose of generating and presenting information to support decision making
main goal: improved decision making
1. integrating architecture
2. common user interface for data reporting and analysis
3. common data repository fosters single version of company data
4. improved organizational performance
data storage improvements
business intelligence appliances
business intelligence as a service
big data analytics
personal analytics
data storage improvements
SSD and SATA increase performance and allow larger capacity; more affordable and faster
business intelligence appliances
plug and play app optimized for data warehouse and BI apps; improved price performance ratios, fast installation and integration
cloud, no need for hardwar or softwars; pay as you go
social media as competitive advantage
OLAP gave analytics to desktop of any user and now it is mobile –> even closer
Read More