Exam 9: Functional Business Systems

Oracle,Siemens,and POM vendors offer a demand-driven __________ system,whose objective is to remove waste of any kind from production and operations.

At what level are decisions made that set or impact the long-term direction of the entire organization?

_______ is a process that insures that operations meet data validity standards.For instance,information systems that process checking accounts will only allow unique check numbers for each transaction-and reject duplicates.

The objective of financial accounting is to report the value of a company.

Ideally,functional systems enable __________,which is being able to access current data to learn what is needed in order to make informed decisions without delay.

With XBRL,all of the company's financial data are collected,consolidated,published,and consumed without the need to use Excel spreadsheets.

What is the purpose of an inventory control system? Identify the three cost categories where these systems are helpful in minimizing cost.

________________ is the process of analyzing and selecting investments (expenditures)with the highest ROI for the company.

Agistix introduced Total Visibility,a new cloud-based SaaS transportation management system (TMS)that gives shippers access to data from any location at any time.

HR Managers using LinkedIn for recruitment must learn to take advantage of its ______ capabilities to create a profile of the desired candidate.

KIA Motors introduced an intelligent QC system to analyze customer complaints so they could more quickly investigate and make corrections.

HRM applications involve ethical issues,particularly in recruiting and selecting employees and in evaluating performance.

The U.S.GAAP Financial Reporting Taxonomy is an electronic dictionary of business reporting elements used to report ________.

___________ work by offering customers an incredible offer for a very short time.This sales method lends itself perfectly to the immediacy of social media,and it's a next stage in social commerce

Each level of management has its own data needs,decision making responsibilities,and time horizons.

Profitability metrics for products and services can be derived from the cost accounting system.

A weakness in an internal control is a major cause of fraud,which is also known as white collar crime.

Data from functional ISs are used extensively by enterprise applications,including business intelligence (BI),e-commerce,customer relationship management (CRM),and ____________.

JIT was developed by ________ because of high real estate costs in Tokyo,Japan,that made warehousing expensive.

Fraud is a crime with severe consequences.___________ fraud is a term that refers to a variety of criminal behaviors perpetrated by an organization's own employees or contractors.