Question 1

A shortfall of raw materials is known as a ____________________.

Accepted Answer

Stockout

Question 2

The business functions of financial accounting,cost allocation and control,planning and budgeting,and cash-flow management take place in the ____________________ functional area of operation.

Accepted Answer

Accounting and Finance 
A/F

Question 3

The functional area of Supply Chain Management (SCM)sets prices.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following outputs would emerge from the Accounting and Finance functional area?

Accepted Answer

A)  Packaging orders 
B)  Sales strategy 
C)  Regulation compliance 
D)  Financial reports 
A)  Packaging orders 
B)  Sales strategy 
C)  Regulation compliance 
D)  Financial reports

Question 5

____ results in management overinvesting in extra raw materials

Accepted Answer

A)  Bulging raw materials 
B)  Stockup 
C)  Safety stock 
D)  Excess baggage 
A)  Bulging raw materials 
B)  Stockup 
C)  Safety stock 
D)  Excess baggage

Question 6

Which of the following is a functional area of operation?

Accepted Answer

A)  Packaging 
B)  Supply Chain Management 
C)  Shipping 
D)  Baking 
A)  Packaging 
B)  Supply Chain Management 
C)  Shipping 
D)  Baking

Question 7

Which business function is performed by Accounting and Finance?

Accepted Answer

A)  Cost allocation and control 
B)  Taking sales orders 
C)  Benefits 
D)  Plant maintenance 
A)  Cost allocation and control 
B)  Taking sales orders 
C)  Benefits 
D)  Plant maintenance

Question 8

When purchasing a computer,the functional area responsible for technical support is

Accepted Answer

A)  Marketing and Sales 
B)  Accounting and Finance 
C)  Supply Chain Management 
D)  Human Resources 
A)  Marketing and Sales 
B)  Accounting and Finance 
C)  Supply Chain Management 
D)  Human Resources

Question 9

Give some examples of Marketing and Sales in a small business such as a lemonade stand or some other simple example.

Accepted Answer

For the most part,this is a cash busines

Question 10

Describe the difference between functional areas of operation and business processes.Give an example of a business process.

Accepted Answer

Most companies have four main functional

Question 11

When purchasing a computer,the functional area responsible for handling the financial help for purchasing that computer is

Accepted Answer

A)  Marketing and Sales 
B)  Accounting and Finance 
C)  Supply Chain Management 
D)  Human Resources 
A)  Marketing and Sales 
B)  Accounting and Finance 
C)  Supply Chain Management 
D)  Human Resources

Question 12

The business function of government compliance falls under the Supply Chain Management functional area of operation.

Accepted Answer

A) True 
 B)False

Question 13

Analyses that attempt to predict the future sales of a product are called:

Accepted Answer

A)  Sales forecasts 
B)  Sales divining 
C)  Sales diving 
D)  Sales deriving 
A)  Sales forecasts 
B)  Sales divining 
C)  Sales diving 
D)  Sales deriving

Question 14

Which of the following is an input to the Marketing and Sales functional area?

Accepted Answer

A)  Production plans 
B)  Raw material orders 
C)  Per-unit cost 
D)  Accounts payable data 
A)  Production plans 
B)  Raw material orders 
C)  Per-unit cost 
D)  Accounts payable data

Question 15

When manufacturing runs out of raw materials,it's known as a stockout.

Accepted Answer

A) True 
 B)False

Question 16

What are integrated information systems?

Accepted Answer

Sharing data effectively and efficiently

Question 17

What departments are involved in the business process of selling a new computer?

Accepted Answer

Refer to t

Question 18

Describe the material order process in the following figure:

Accepted Answer

When production is alerted to a new orde

Question 19

Sales forecasts are historical records of sales.

Accepted Answer

A) True 
 B)False

Question 20

To avoid stockouts,manufacturers might carry extra raw materials.This excess is known as safety stock.

Accepted Answer

A) True 
 B)False

A shortfall of raw materials is known as a ____________________.

The business functions of financial accounting,cost allocation and control,planning and budgeting,and cash-flow management take place in the ____________________ functional area of operation.

The functional area of Supply Chain Management (SCM)sets prices.

Which of the following outputs would emerge from the Accounting and Finance functional area?

____ results in management overinvesting in extra raw materials

Which of the following is a functional area of operation?

Which business function is performed by Accounting and Finance?

When purchasing a computer,the functional area responsible for technical support is

Give some examples of Marketing and Sales in a small business such as a lemonade stand or some other simple example.

Describe the difference between functional areas of operation and business processes.Give an example of a business process.

When purchasing a computer,the functional area responsible for handling the financial help for purchasing that computer is

The business function of government compliance falls under the Supply Chain Management functional area of operation.

Analyses that attempt to predict the future sales of a product are called:

Which of the following is an input to the Marketing and Sales functional area?

When manufacturing runs out of raw materials,it's known as a stockout.

What are integrated information systems?

What departments are involved in the business process of selling a new computer?

Describe the material order process in the following figure:

Sales forecasts are historical records of sales.

To avoid stockouts,manufacturers might carry extra raw materials.This excess is known as safety stock.

The Development of Enterprise Resource Planning Systems

Marketing Information Systems and the Sales Order Process

Production and Supply Chain Management Information Systems

Accounting in ERP Systems

Human Resources Processes With ERP

Process Modeling, process Improvement, and ERP Implementation

ERP and Electronic Commerce

Filters

Exam 1: Business Functions and Business Processes

A shortfall of raw materials is known as a ____________________.

The business functions of financial accounting,cost allocation and control,planning and budgeting,and cash-flow management take place in the ____________________ functional area of operation.

The functional area of Supply Chain Management (SCM)sets prices.

Which of the following outputs would emerge from the Accounting and Finance functional area?

____ results in management overinvesting in extra raw materials

Which of the following is a functional area of operation?

Which business function is performed by Accounting and Finance?

When purchasing a computer,the functional area responsible for technical support is

Give some examples of Marketing and Sales in a small business such as a lemonade stand or some other simple example.

Describe the difference between functional areas of operation and business processes.Give an example of a business process.

When purchasing a computer,the functional area responsible for handling the financial help for purchasing that computer is

The business function of government compliance falls under the Supply Chain Management functional area of operation.

Analyses that attempt to predict the future sales of a product are called:

Which of the following is an input to the Marketing and Sales functional area?

When manufacturing runs out of raw materials,it's known as a stockout.

What are integrated information systems?

What departments are involved in the business process of selling a new computer?

Describe the material order process in the following figure:

Sales forecasts are historical records of sales.

To avoid stockouts,manufacturers might carry extra raw materials.This excess is known as safety stock.

The Development of Enterprise Resource Planning Systems

Marketing Information Systems and the Sales Order Process

Production and Supply Chain Management Information Systems

Accounting in ERP Systems

Human Resources Processes With ERP

Process Modeling, process Improvement, and ERP Implementation

ERP and Electronic Commerce

Filters