TAILIEUCHUNG - Lecture Business: A changing world (4/e): Chapter 15 - O.C. Ferrell, Geoffrey Hirt

Chapter 15: Money and the financial system. This chapter include objectives: Define money, its functions, and its characteristics; describe various types of money; specify how the federal reserve board manages the money supply and regulates the american banking system; compare and contrast commercial banks, savings and loan associations, credit unions, and mutual savings banks;. | Chapter Fifteen Money and the Financial System Money in the Financial System Finance The study of money: how it’s made, how it’s lost, and why. Money Anything generally accepted in exchange for goods and services. The Functions of Money Medium of Exchange: Accepted as payment for products and resources. Measure of Value: Single standard for assigning and comparing values of products and resources. Store of Value: Means of retaining and accumulating wealth. The Characteristics of Money Acceptability Divisibility Portability Stability Durability Difficulty to Counterfeit Facts About Money The Life Expectancy of Paper Money: $1 years $5 2 years $10 3 years $20 4 years $50 9 years $100 9 years FAST FACT: There is about $525 billion of US currency in circulation, and about two-thirds is held outside of the US. Source: “Fedpoint 1: How Currency Gets Into Circulation,” Federal Reserve Bank of New York – Publications, September 18, 2001, p. 1-2. Types of Money Near Money Savings account

• Quản trị kinh doanh
• Changing world
• Organizing business
• Operations management
• Economic systems
• Financial system
• Monetary policies
• Systems Analysis
• Design in a Changing World
• Information systems
• Systems development
• Systems design
• Types of information systems
• lasting happiness
• How to be Happy
• Changing the World
• happier life
• art of living
• a good life
• philosophy of life
• the art of making people
• Systems development life cycle
• Traditional approach
• Object oriented approach
• Project management
• Management skills
• Information system projects
• Project planning of SDLC
• Analysis phase of SDLC
• Investigating system requirements
• System requirements
• Logical mode
• Modeling systems requirements
• Information system models
• System requirements
• Requirements model
• Object Oriented Views
• IE approaches
• Evaluating alternatives
• Prioritize systems requirements
• Genaral alternatives
• Review recommendation
• Moving to design
• Analysis objectives
• design Objectives
• The traditional approach to design
• Structured model
• Model development process
• Structured design models
• Designing databases
• OO data models
• Database management system
• Relational databases
• Designing the user interface
• System interfaces
• OO approach
• User interfaces
• Program development
• Framework development
• Source Code Control
• Software testing
• Nature of business
• Study business
• Business ethics
• Social responsibility
• International business
• Comparative advantage
• Managing information technology
• Management information systems
• The articles of incorporation
• Options for organizing business
• Small business
• Small business ownership
• Organizational objectives
• The nature of management
• Functional departmentalization
• Formal communication
• Transformation process
• Motivating the workforce
• Motivation process
• Managing human resources
• Job analysis