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Exam (elaborations)

IDIS 344 exam 1 Study Guide with Complete Solutions

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  • IDIS 344
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  • IDIS 344

IDIS 344 exam 1 Study Guide with Complete Solutions ERP - ️️ Correct-enterprise resource planning biggest threat in cybersecurity - ️️ Correct-employees who is most responsible for cybersecurity? - ️️ Correct-decision maker "goldilocks" theory - ️️ Correct-stock just the right ...

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  • September 25, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • IDIS 344
  • IDIS 344
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

IDIS 344 exam 1 Study Guide with
Complete Solutions

ERP - ✔️✔️Correct-enterprise resource planning


biggest threat in cybersecurity - ✔️✔️Correct-employees

who is most responsible for cybersecurity? - ✔️✔️Correct-decision maker

"goldilocks" theory - ✔️✔️Correct-stock just the right amount of inventory

3 tiers of product catalog - ✔️✔️Correct-section, group, category

upselling - ✔️✔️Correct-selling associated products, upgrades or add-ones to make a

profitable sale

cost - ✔️✔️Correct-what distributor pays for item

price - ✔️✔️Correct-what customer pays for item

markup - ✔️✔️Correct-difference between price & cost

table files - ✔️✔️Correct-user defined set of parameters used by system

market cost - ✔️✔️Correct-higher than replacement to allow for fudge factor

replacement cost - ✔️✔️Correct-cost of item from vendor

weighted average cost - ✔️✔️Correct-true cost of inventory; recalculated when purchase

order is received

what is the heart of any ERP system? - ✔️✔️Correct-inventory control & management


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, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

customer item visibility - ✔️✔️Correct-customer's understanding of how much an item

costs

purchase order - ✔️✔️Correct-how you buy from vendor

sales order - ✔️✔️Correct-how customer buys from you

what determines at least 1/2 of a firm's profitability situation? - ✔️✔️Correct-pricing

decision-making process

3 C's of pricing - ✔️✔️Correct-cost, competition, customer

gross margin dollars - ✔️✔️Correct-total gross margin dollars generated by each

customer over a certain period of time

price sheet master 3 prices - ✔️✔️Correct-manufacturer's list, our list, trade

price sheet master 2 costs - ✔️✔️Correct-market & replacement

where does price from sales order come from? - ✔️✔️Correct-pricing hierarchy

hierarchy is set of _________ inputted by user that include various discount options -

✔️✔️Correct-guidelines

price comes from calculation of- - ✔️✔️Correct-discount profile

cost comes from- - ✔️✔️Correct-table file

activities employed in maintaining optimum number of each inventory item; objective is

to provide uninterrupted production, sales & CSLs at minimum cost - ✔️✔️Correct-

inventory management

specific group of products - ✔️✔️Correct-product line

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