Exam (elaborations)
CPCM Management 1 Exam | Questions And Answers Latest {} A+ Graded | 100% Verified
- Course
- Institution
CPCM Management 1 Exam | Questions And Answers Latest {} A+ Graded | 100% Verified
[Show more]
Content preview
CPCM Management 1 Exam | Questions And Answers Latest {2024- 2025} A+ Graded |100% Verified
Accounting - The way an organization collects- organizes- and records financial information for making
management decisions; the way to report a company's transactions and to maintain accountability for
its assets and liabilities
Accounting system - A formal communications network that supplies relevant information for planning-
control- decision-making- and evaluation,
Acid test ratio - The ratio determining how well the company's current liabilities can be satisfied by its
current assets less inventory,
Activity-based costing system - An accounting system focused on a production cycle and based on the
principles that an output needs activities to produce it and that those activities use certain resources;
assigns costs through cost drivers that the activities use to create the outputs,
Administrative lead time - A measurement used by some organizations of how long it takes to award a
contract- starting when a procurement request is received and ending when the contract is awarded,
Asset - Something a company owns that has value and that can be sold or used by the company to make
products or provide services that can be sold,
Balance sheet - Provides detailed information about a company's assets- liabilities- and shareholder
equity,
Bottom line - A company's total earnings or losses over a specific time period- after accounting for costs
and expenses; also called net income,
Burn rate - An average of the estimated costs per month- often based on staffing estimates- used for
estimating funding requirements,
, Cash flow statement - A statement reporting a company's inflow and outflow of cash; generally includes
operating activities- investing activities- and financing activities,
Competition - The effort or action of two or more commercial companies to obtain the same business
from a third party
Contingency planning - Involves "what if?" analysis to look at various situations if certain environmental
or economic conditions change
Controlling - Monitoring and evaluating how well the team and organizational objectives are pursued
and accomplished
Current - Current assets are assets which can be converted into cash within one year; current liabilities
are obligations that a business must pay within one year
Current ratio - The ratio of current assets to current liabilities
Debt-to-equity ratio - The ratio measuring the relation of debt and shareholder equity used to finance
the company's operations
Demand - Describes how buyers behave in the marketplace; the quantity a buyer demands is what a
buyer is willing to buy at a particular price
Directing - The management of people and processes to accomplish objectives
Economics - The science concerned with making decisions with scarce resources such as labor, capital,
goods, and natural resources
Electronic government (e-government) - The use by the government of the Internet and other
information technologies, together with the processes and people needed to implement them, to
enhance the delivery of information and services to the public and others to make improvements in
government operations
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller oneclass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.48. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73243 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now