Georgia College & State University
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Sec 6.2 – Simple and Compound Interest 
 Decision Making in Finance Name: Yasinah Hopkins 
1. James is borrowing $2000 from his employer and will pay it back at the end of 3 years. The 
employer lending the money asks that James pay simple interest of 3% annually. Using the simple interest 
formula, I=P∙ R∙T , determine how much interest James will have to payback in addition to the $2000 
principal amount. I = P * R * T I = (2000)(.03)(3) payment: 
 Principle, Rate as in decimal, Time in ...
Business correct answer: -Trading something of value for something of value 
-Exchange to gain a monetary gain 
-Money = a universal payment 
 
Corporate Driven Economy correct answer: -Group of people acting as a single entity 
-Goal: make more money; sell more and reduce costs 
-Separate legal entity to do business with 
 
Automation correct answer: -The use of technology to ease human labor or to extend the mental or physical capabilities of humans. 
 
Information and Data correct answer: ...
Information Systems correct answer: A group of components (5 component Framework) that interact to produce information 
 
Five Component Framework correct answer: Hardware, Software, Data, Procedures, People 
 
Value correct answer: How much you are willing to pay for something 
 
Five Primary Activities of the Value Chain correct answer: Aquire, Produce, Ship, Market and Sell, Service Customers 
 
Low Cost Leader correct answer: Deliver Product at the lowest cost 
(Walmart) 
 
Innovation L...
Structured Process correct answer: Predefined; Standardized processes that involve day to day operations 
 
Dynamic Processes correct answer: Flexible, informal, and adaptive processes 
 
Enterprise Processes correct answer: Span an entire organization and support activities in multiple departments 
 
Inter-Enterprise Processes correct answer: Supports activities in 2 or more independent organizations 
 
Workgroup Processes correct answer: Exists to enable workgroups to fulfill the characte...
what are the 5 components of an information system? correct answer: hardware, software, data, procedures/processes, and people 
 
what are a part of IT? correct answer: hardware, software, and data 
 
what are the 3 dimensions that work together in an information system? correct answer: people, process, IT 
 
what do people do in regards to information systems? correct answer: help support decision making, control, and visualization in an organization 
 
what does a process do in regards to ...
GEORGIA HIGH SCHOOL PHYSICAL SCIENCE: EOC REVIEW 
FLASHCARDS TEST RATED 100% CORRECT
All content needed for exam 4 from the study guide provided in class. Also includes practice.
All content needed for exam 3 from the study guide provided in class. Also includes practice.
All content needed for exam 2 from the study guide provided in class. Also includes practice.
This is the study guide given by the class for the Georgia Government Exam. The answers come straight from the Georgia Government textbook that is required for the class.