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Financial Info
5.01Financial Information
| Term | Definition |
|---|---|
| Audit | Process by which an organization's accounts and records are verified. |
| Business continuity | An organization's ability to function after a disaster. |
| Compliance | fulfilling the requirements of the law |
| Consistency | stability; regularity |
| Data | facts and figures |
| Data processing | converting facts and figures into useful information |
| Decision making | choosing among alternatives |
| Hack | unauthorized access to a computer system |
| Information | knowledge, facts, or data presented in a useful form |
| Information management | the process of accessing, producing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making |
| Information overload | communicating that is too much and/or comes too fast to process at one time |
| Management information system (MIS) | an integrated technology that assists with an organizations information management needs |
| Outsourcing | acquiring assistance from outside organizations/consultants to obtain goods or services to accomplish business objectives or perform primary business activities. |
| Proprietary information | private information that belongs to an organization and cannot be released to the public |
| Sarbanes-oxley act | a U.S. regulation mandating the public businesses comply with specific accounting requirements |
| Spam | junk email that the recipient did not request; also known as unsolicited commercial email |
| Trade secret | undisclosed information within a particular business or industry |
| Virus | a computer program that downloads to your computer or network without your permission |
| Wireless network | a computer network connected without the use of wires or cables. |