Download SEM 1 Unit 2 Vocabulary List

SEM 1 Unit 2 Vocabulary List
Round Robin – tournament in which everyone plays each other at least one time
Double Elimination – tournament in which teams must lose twice, after one loss they move into
loser’s bracket
Single Elimination – tournament in which when you lose you no longer play in the tournament
Multistage – tournament in which games are played during same period but at different
locations/fields over extended period of time – can compete at different levels or stages
Heats – preliminary and then final rounds of competition, such as a swim meet
Tournament play – players or teams are seeded based on ranking-normally single elimination
Ladder – individual contests ranked on a ladder and can move up or down based on results
Match play – in golf, you either win, lose or half a hole and only count total holes won
Scramble – all golf players hit, players select the best ball and all shoot from that spot
Production scheduling - the management and allocation of resources, events and processes to
create goods and services
Contingency plan - a course of action to be followed if a preferred plan fails or an existing
situation changes.
Marketing Information - data collected from internal or external sources to help make
marketing decisions
Facts - something that actually exists; reality; truth
Estimates - an approximate judgment or careful calculation about the impact of a product
Prediction - a forecast of something to happen
Relationships – What happens to products, estimates or predictions based on changes
Primary data – original data or facts collected for a purpose
Secondary data – information and conclusions gathers from reviewing primary data
Internal data – information or records from within an organization
External data – information or records from outside an organization