62.
In public accounting, the accountant serves as an outside advisor to
business organizations.
63.
One of the primary responsibilities for industry accountants includes tax
advisory services, which involves helping businesses plan the most
beneficial structure and practices for applying tax rules and regulations.
64.
Industry accounting is working within a company to manage investor
relations, banking relations, daily financial affairs, and plan new products or
services.
65.
Government accounting involves helping individuals figure out their federal
tax returns.
66.
A chief financial officer is a corporate officer primarily responsible for
managing the financial risks of the business or agency.
67.
A management accountant’s responsibilities include budgeting,
performance evaluation, cost management, and asset management.
68.
Internal auditors analyze and interpret financial information needed by
corporate executives in order to make sound business decisions.
69.
The tax accountant is frequently consulted for the legal/tax structuring of
new business ventures to ensure the most beneficial application of tax
regulations.
70.
Knowledge of the computer systems and networks is required to assure the
security of the company’s information.
71.
The study of finance draws heavily from three different academic
disciplines: HR, marketing, and operations.
72.
In the area of finance, the corporate financial analyst deals with the cash-
budgeting process to identify whether the corporation has a cash surplus or
deficit.
73.
In the area of finance, a security analyst focuses on computer security.
74.
To work in the financial field, individuals require an advanced knowledge of
spreadsheet modeling.
75.
In the hospitality and tourism field, the general manager is responsible for
accounting and the financial aspects of the operation.
76.
In Hospitality and Tourism Management, a director of room operations is
responsible for setting rates, restrictions, and selling strategies for hotel
rooms and for managing room inventory.
77.
Database management is an important skill for Hospitality and Tourism
Management since most hospitality applications are based on databases.
78.
Travel 2.0 is a term coined to reflect the next generation of Internet
developments occurring in the travel space.
79.
IT people need to possess a solid understanding of the business
environment and need to have people-oriented and communications skills.
80.
In the IT field, a database developer is responsible for taking technical
design documents concerning a new IT system and writing the software.
81.
Programming languages are special-purpose languages that programmers
use to write the actual software code.
82.
Database-stored information cannot be used, manipulated, and massaged
according to the needs of the end user without regard to the physical
storage characteristics of information.
83.
A business development manager is responsible for defining the nature and
extent of problems and finding solutions.
84.
A supply chain manager serves as a link between management and
employees.
85.
Management consultants are often hired to solve a specific organization
problem.
86.
Managers create decentralized databases relating to customers and the
nature of contacts.
87.
Marketing professionals use statistical and data-mining tools to better
understand consumer buying behaviors and make decision regarding target
marketing.
88.
Brand managers work closely with marketing communications and market
development professionals to help the company achieve a competitive
advantage through its branding efforts.
89.
There is no need for marketing professionals to possess knowledge about
the logical organization of company databases or how to access them.
90.
In production and operations, a purchasing manager can be expected to
negotiate terms of contracts with suppliers.
91.
Logistics analysts work extensively with supply chain management (SCM)
systems to integrate logistics solutions within the company’s supply chain
activities.
92.
SCM allows a production and operations manager to understand the
operations of a business from beginning to end and to optimally model
93.
Commercial real estate loan officers require familiarity with financial
analysis and modeling.
94.
The real estate development manager acts as a liaison between purchaser
and seller to ensure a fair trade.
95.
GIS aids in site selection, feasibility analysis, and investment strategy by
combining spatial and tabular information allowing the real estate
professional to use maps that are alive and relevant.
96.
Automated Valuation System (AVS) uses statistical and other analyses to
automate the loan underwriting process, loan origination, collateral scoring,
and appraisal.
Topic: Real Estate and Construction Management
Fill in the Blank Questions
97.
In _____ accounting, the accountant serves as an outside advisor to
business organizations.
98.
_____ accounting is working within a company to manage investor relations,
banking relations, daily financial affairs, and plan new products or services.
AACSB: Technology