Buad 342 exam 1 - Study guides, Class notes & Summaries

For-profit organizations → organizations strive to generate a profit (revenue in excess of expenses). These profits can be reinvested into the company or distributed to owners and/or shareholders. → → take several legal forms such as unincorporated (sole proprietorships or partnerships), corporations (C Corporations and S Corporations) and limited liability companies (LLC). Not for Profit organizations → organizations strive to provide particular services to constituents (e.g., ...

selling "things" event → Order to cash process Order to cash process → 1. market (market goods or services) → 2. negotiate (negotiate terms of a sales order) → 3. select and inspect → 4. prepare (prepare goods/services for delivery) → 5. deliver (deliver goods/services to customer) → 6. receive payment → 7. negotiate (negotiate terms/accept return) Buying "things" event → procure to pay process Procure to Pay process → 1. identify (identify a need)...

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Why do organizations perform business processes? → to reach strategic business goals How is a business event related to a business process? → By analyzing business events, we can more easily identify the data needs of a business process. Name and describe the three core interdependent business processes that are common to all organizations. → Procure to Pay (selling) → Order to Cash (buying) → Conversion (making) Name and describe the four common business events for the bus...

What source document is used to summarize/document each receipt of goods? A. Both Packing Slip and Receiving Report B. Packing Slip C. Receiving Report D. Picking Slip E. Bill of Lading → C. True or False? In database, each record is made up of a collection of columns called fields. → True For some companies, traditional operational databases are not enough. Which of the following explains why? A. You need specially trained professionals to oversee them. B. They can't proce...

Technologies like bar code scanners, RFID tags and touch screens are used by businesses in which information processing step? A. All of these are correct B. Report C. Record D. Analyze E. Maintain - ️️C Which of these is a composite attribute? A. Customer Address B. All of these could be considered composite attributes C. Sales Invoice # D. Sales Order Total E. Employee Phone Number - ️️A If the Customer_ID field is the primary key in the Customer table, what is Customer_ID ...

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BUAD 342 Exam 1