Monday, 6 May 2024, 1:11 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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Social ScienceSocial science is a science that examines humans in the environment, example psychology. |
South African Reserve BankSouth African reserve bank is the main financial institute in SA. |
SpecialisationSpecialisation refers to being successful and skilled in an area of business, example an accountant. |
SpeculationSpeculation exists when people buy currencies in the hope that they will increase in value. |
SpendingSpending refers to buying goods and services. |
StagflationStagflation where supply decreases, pushes prices up and increases unemployment at the same time. |
StakeholdersStakeholders – any party with direct or indirect association/ interest in a business enterprise. |
Statement of Financial PositionStatement of financial position – evaluates the financial position of a company by focusing on its assets, liabilities and shareholders’ equity |
Statement of Profit and LossStatement of profit and loss – provides a summary of an organisation’s revenue and expenses. |
StockStock is a measure that has no time dimension, example the amount of money in your wallet right now. |