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BMGT 326 exam with correct answers
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BMGT 326 exam with correct answers
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BMGT 326 exam with correct answersNarrative Description - ** VERIFIED ANSWERS **✔✔written, step-by-step explanation of system
components and how they interact
Data Flow Diagram (DFD) - ** VERIFIED ANSWERS **✔✔a graphical description of the flow of
data within an organization, including data sources/destinations, data flows, transformation
processes, and data storage
System flowcharts - ** VERIFIED ANSWERS **✔✔describe the relationship between inputs,
processing, and outputs for a system
document flowcharts - ** VERIFIED ANSWERS **✔✔describe the flow of documents and
information between departments or units
program flowcharts - ** VERIFIED ANSWERS **✔✔describe the sequence of logical operations
performed in a computer program
Business Process Diagram - ** VERIFIED ANSWERS **✔✔a visual way to describe the different
steps or activities in a business process
Revenue cycle - ** VERIFIED ANSWERS **✔✔the recurring set of business activities and data
processing operations associated with providing goods and services to customers and collecting cash
in payment for those sales
Sales order - ** VERIFIED ANSWERS **✔✔the document created during sales order entry listing
the item numbers, quantities, prices, and terms of the sale
Credit limit - ** VERIFIED ANSWERS **✔✔the maximum allowable credit account balance for
each customer, based on past credit history and ability to pay
, Accounts receivable aging report - ** VERIFIED ANSWERS **✔✔A report listing customer accounts
balances by length of time outstanding. The report provides useful information for evaluating
current credit policies, for estimating bad debts, and for deciding whether to increase the credit limit
for specific customers.
Back order - ** VERIFIED ANSWERS **✔✔a document authorizing the purchase or production of
items that is created when there is insufficient inventory to meet customer orders
Picking ticket - ** VERIFIED ANSWERS **✔✔a document that lists the items and quantities
ordered and authorizing the inventory control function to release that merchandise to the shipping
department
Customer relationship management systems (CRM) - ** VERIFIED ANSWERS **✔✔software that
organizes information about customers in a manner that facilitates efficient and personalized service
Packing slip - ** VERIFIED ANSWERS **✔✔a document listing the quantity and description of each
item included in a shipment
Bill of lading - ** VERIFIED ANSWERS **✔✔a legal contract that defines responsibility for goods
while they are in transit. It identifies the carrier, source, destination, shipping instructions, and the
party (customer or vendor) that must pay the carrier.
Sales invoice - ** VERIFIED ANSWERS **✔✔a document notifying customers of the amount of a
sale and where to send payment
Remittance advice - ** VERIFIED ANSWERS **✔✔a copy of the sales invoice returned with a
customer's payment that indicates the invoices, statements, or other items being paid
Open-invoice method - ** VERIFIED ANSWERS **✔✔method for maintaining accounts receivable
in which customers typically pay according to each invoice
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