Exam 3: Business Functions and Supply Chains

The ____ is an important input to MRP applications which includes a list of all raw materials and subcomponent demands.

Successful MRP II systems have made a significant contribution to ____ manufacturing,where suppliers ship parts directly to assembly lines,saving the cost of warehousing raw materials,parts,and subassemblies.

"Productivity tools" are software applications that help workers produce more in less time.

A brokerage house can make a profit of several thousand dollars within two minutes of buying and selling several million dollars' worth of foreign currency.

What is the purpose of accounting?

____ help to find the populations and regions that are most likely to purchase a new product or service.

With a(n)____________________ system,totals of accounts receivable and accounts payable can be automatically transferred to a balance sheet.

The variables that affect the cost and speed of ____________________ are numerous: length of routes,sequence of loading and unloading,type of shipped materials,fuel prices,road tolls,terrain and restricted roads,and many more.

The most important development in software to support SCM has been a technology called radio frequency identification (RFID).

The time between generating an idea for a product and completing a prototype that can be mass-manufactured is known as engineering lead time,or ____.

Most companies insist on receiving paper applications and résumés.

The business research firm Gartner estimates the average invoice-to-payment cycle at 11 days,while online invoice and payment shortens the period by at least six days.

Computer telephony integration (CTI)is a technique enabling a computer to use the digital signal coming through a telephone line as ____ in a computer system.

Casinos embed ____ in betting chips and antennas in betting tables to receive signals from the chips.

____________________ (marketing over the telephone)makes extensive use of IT.

The purpose of marketing is to track every financial transaction within a company,from a few cents to multimillion dollar purchases,from salaries and benefits to the sale of every item.

In retail,the manufacturing phase does not exist,so the term "____________________" refers only to purchasing of finished goods and the delivery to customers of those goods.

Typically,____ ISs receive records of routine business transactions-such as the purchase of raw materials or services,or the sale of manufactured goods-from transaction processing systems (TPSs).

Material requirements planning (MRP)programs use long-range forecasts to put long-lead material on order.

The goal of financial managers,including ____ and treasurers,is to manage an organization's money as efficiently as possible.