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

Why do organizations perform business processes? correct answersto reach strategic business goals How is a business event related to a business process? correct answersBy 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. correct answersProcure to Pay (selling) Order to Cash (buying)

BUAD 342 Exam 1 with Complete Solutions 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) 2...

BUAD 342 Exam 1 with Certified Solutions 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 s...

BUAD 342 Exam 1 Questions and Answers 100% Pass 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...

BUAD 342 Exam 1 Questions and Answers 100% Pass Which of the following is not a typical event in the Procure to Pay business process? A) Deliver Goods/Services to Customer B) Store and Maintain Goods C) All of these are typical events in the Procure to Pay process. D) Identify a need E) Receive and Inspect Goods/Services from a Vendor A) Deliver Goods/Services to Customer In regard to Big Data, differences in the types/sources of data (structured, unstructured or semi- structured...

BUAD 342 Exam 1 Questions and Answers Already Passed 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 profe...

BUAD 342 exam 1 questions with correct answers

Procure to Pay ( Procurement or Expenditure) Business Process. - ️️includes the activities involved in acquiring, paying for, and maintaining the goods and services needed by an organization. Examples of SDA technologies include - ️️·Magnetic Ink Character Recognition (MICR) (such as those on checks) ·Bar Code Reader/Scanner ·Optical Character Recognition (OCR) ·Magnetic Strip on credit cards ·Credit card chips ·RFID - radio frequency identification devices ·Touch screen...

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., ...

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