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Study Resources (Accounting)

31) A gap analysis highlights the differences between the business requirements that emerge from strategic planning and the capabilities of the enterprise resource planning system. 32) One of the shortcomings of using an enterprise resource planning product is that data sharing does not occur in real time. 33) To help managers spot.
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31) Demand management is a CRM process. 32) Sales and promotion are SCM processes. 33) Customer-facing processes improve when processes share data. 34) Process synergy occurs when processes are mutually supportive–when one process is done well, then the objectives of another process are supported. 35) SAP achieves process synergy by designing processes to.
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81) Describe procurement in an organization. 82) What are the main procurement activities? 83) Describe the importance of procurement as an organizational process. 84) What are the typical procurement objectives of an organization? 85) Describe raw materials inventory and finished goods inventory. 86) Define the term lead time. 87) Explain the accounting problems faced by organizations.
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1) With information silos, the data needed by one process are stored in an information system designed and used in another process. 2) Information silos create islands of automation that increase the performance of processes and make process integration easy. 3) An enterprise application integration system tackles the silo problem by providing.
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83) Which of the following approaches to process improvement seeks to improve process outputs by removing causes of defects and minimizing variability in the process? A) game theory B) Six Sigma C) the OMIS model D) linkage theory 84) Which of the following is true about the Six Sigma project? A) It seeks to improve process.
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73) A managerial technology development process includes ________. A) authorizing types of incentives and deciding organizational structure B) testing whether a newly developed software can handle thousands of possible keystroke entries C) deciding if a particular technology will be purchased or developed by the company D) estimating the time required for each step in.
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31) People are more capable than automated actors in low-judgment settings where well-known and repeatable activities are performed. 32) One common way to improve an activity is to add resources to it. 33) A process can be improved by creating a bottleneck. 34) A process can be improved by outsourcing an activity. 35) Activities.
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11) Enterprise resource planning systems provide a set of industry-leading processes that cannot be integrated with each other. 12) Businesses have been using information systems to support their processes well before the Internet was invented. 13) Material requirements planning provided financial tracking capabilities and the opportunity to schedule equipment and facilities. 14) To.
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68) The inherent processes defined in an enterprise resource planning system are also known as ________. A) inbound processes B) stored procedures C) transaction logs D) process blueprints 69) Which of the following is an organizational benefit of using an enterprise resource planning system? A) It maintains individual databases for each department. B) It facilitates data sharing.
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21) Human actors initiate the purchasing request in an SAP system. 22) A purchasing manager is responsible for the approval of a purchase request to be converted into a purchase order. 23) During the procurement process, the purchase requests that are generated using SAP are shared directly with suppliers. 24) Every SAP screen.
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106) What are the benefits of using an enterprise resource planning (ERP) system? 107) Explain the kinds of configuration decisions that enterprise resource planning (ERP) implementation teams must make. 108) What are the people-related issues faced by enterprise resource planning (ERP) implementation teams? 109) What enterprise resource planning (ERP) needs are unique to.
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50) Which of the following is a main activity of the sales process? A) procurement B) payment C) storage D) manufacturing 51) Which of the following is a sales activity that is typically performed by a warehouse manager? A) shipment B) payment C) marketing D) manufacturing 52) Which of the following statements is true of the sales process in.
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70) Which of the following is a CRM process? A) demand management B) service C) procurement D) returns management 71) Which of the following facilitates process integration? A) maintaining independent databases for each process B) developing mutually supportive processes C) restricting access to sensitive data D) decentralizing process activities 72) ________ is a multi-firm process of buying and selling goods.
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41) Clearinghouses match buyers and sellers by using an IS version of a standard auction. 42) Auctions provide goods and services at a stated price and arrange for the delivery of the goods. 43) An electronic exchange is a type of clearinghouse that matches buyers and sellers. 44) Disintermediation is the elimination of.
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1) Procurement is an operational process executed hundreds or thousands of times a day in a large organization. 2) Buying raw materials from an external vendor is an example of procurement. 3) Finding reliable suppliers is a procurement objective among organizations. 4) Outbound logistics is the primary activity in the.
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41) A Microsoft Dynamics implementation is larger in scale and functionality compared to Oracle and SAP. 42) All the enterprise resource planning products of Microsoft Dynamics are well integrated with Microsoft Office and Microsoft's development languages. 43) Oracle is the gold standard of enterprise resource planning (ERP) products and offers the most.
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94) What are information silos? What problems do they cause in a database? 95) How can the problem of information silos be solved? 96) Define enterprise application integration (EAI) and explain how metadata is used by EAI. 97) List the functions of an enterprise application integration (EAI) system. 98) Give several reasons why a.
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74) A ________ occurs when a limited resource greatly reduces the output of an integrated series of activities or processes. A) bottleneck B) buy-in C) three-way match D) bullwhip 75) Which of the following statements is true about the impact of SAP on organizations? A) Organizations become less process-focused after implementing SAP. B) Organizations tend to.
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48) With ________, the data needed by one process are stored in an information system designed and used in another process. A) information silos B) automation C) encapsulation D) data warehousing 49) Which of the following is a feature of an enterprise application integration system? A) It tackles the information silo problem by providing layers of.
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110) Explain the benefits of an enterprise resource planning (ERP) application to multinational organizations. 111) Name two vendors of enterprise resource planning (ERP) solutions and explain how they are unique. 112) How does SAP speed up the configuration process? What is a module? 113) Explain the important characteristics of SAP's enterprise resource planning.
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31) Organizations typically implement SAP systems for just one process. 32) Supply chain processes are improved when processes share data. 33) SAP enables organizations to share real-time data with suppliers, but it slows down the procurement process. 34) Sharing data leads to an increase in the bullwhip effect in the supply chain. 35) The.
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58) Which of the following activities is included in customer relationship management? A) procurement B) marketing C) bill of materials D) payroll 59) Which of the following activities is included in human resources? A) capacity planning B) call center support C) benefits administration D) cash management 60) The customization of enterprise resource planning software to meet different customer requirements without.
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95) What are inbound logistics processes? Explain with the help of an example. 96) Briefly describe the role of operations as one of the primary activities in the value chain. 97) What are outbound logistics processes? 98) How does the business process of sales and marketing function? 99) Describe operational, managerial, and strategic service.
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90) What are operational processes? 91) What are managerial processes? 92) What are strategic processes? How are they different from managerial and operational processes? 93) What is an objective? 94) Differentiate between efficient and effective objectives. .
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102) Explain configuration in enterprise resource planning (ERP) systems. What are its limitations? 103) What are the different types of data in an enterprise resource planning (ERP) database? 104) Explain the different categories of people involved with enterprise resource planning (ERP) systems. 105) Explain the steps to create a functioning enterprise resource planning.
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63) At the sandwich outlet where Betty works, assembling the submarine sandwiches is her responsibility. Betty is responsible for the ________ processes in the outlet. A) human resources B) operations C) inbound logistics D) service 64) ________ processes collect, store, and distribute products to buyers. A) Sales and marketing B) Outbound logistics C) Service D) Operations 65) The sales process.
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43) ________ processes are commonplace, routine, everyday business processes. A) Strategic B) Managerial C) Operational D) Transformational 44) James works at a local electronics store. He is responsible for ordering supplies, paying bills, and informing regular customers about the latest products that are available. James is responsible for the ________ processes at.
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100) What are human resources processes? Give examples of operational, managerial, and strategic human resources processes. 101) What are technology development processes? Give examples of such processes at the operational, managerial, and strategic level. 102) How can the management improve processes using process objectives? 103) Explain the advantages and disadvantages of automating a.
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44) ________ is the process of obtaining the goods and services needed by an organization. A) Production B) Procurement C) Lead generation D) Outbound logistics 45) A car manufacturer purchases components such as seat belts, fenders, window seals, and panels from outside sources. This process of obtaining goods is called ________. A) procurement B) production C) lead generation D).
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11) An organization that follows a common sales process packs its products for delivery only after the invoice has been sent to the customer. 12) In an organization that does not implement SAP, the warehouse manager can communicate real-time updates on inventory levels to salespeople efficiently. 13) Prior to the implementation of.
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21) An enterprise resource planning solution does not contain a company's actual operational data, but operational data can be entered during development and use. 22) Enterprise resource planning (ERP) systems rely on a DBMS to process and administer the ERP database. 23) Transactional data are data related to events such as a.
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53) Corporate budgeting and introducing a new product are examples of ________. A) service processes B) operational processes C) managerial processes D) strategic processes 54) When Naomi makes decisions regarding the location of a new franchise for her Italian restaurant and charts out the growth plan for her business over the next 5-8 years, her.
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88) Which of the following best defines a module? A) It is a distinct and logical grouping of processes. B) It is a preconfiguration platform devised for a particular industry. C) It is a collection of interconnected and interdependent programs. D) It is an inherent process in an enterprise resource planning system. 89) Which of.
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78) Which of the following enterprise resource planning products offered by Microsoft have the most capabilities? A) Nav and GP B) SL and AX C) AX and Nav D) GP and SL 79) Which of the following ERP products offered by Microsoft is smaller and easier to use than the rest? A) SL B) AX C).
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80) E-commerce leads to ________, which is the elimination of middle layers of distributors and suppliers. A) forward integration B) decentralization C) backward integration D) disintermediation 81) Which of the following statements is true about e-commerce? A) It results in an increase in inventory-carrying costs. B) It improves the flow of price data. C) It decreases market.
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64) The systems manager of an organization issues a request to the purchasing manager for the purchase of 15 new desktop computers. This document is an example of a(n) ________. A) request tracker B) purchase requisition C) term sheet D) itemized bill 65) An organization shares ________ with its suppliers using SAP. A) sales revenue information B).
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54) Which of the following documents is received by a firm from its suppliers and contains details such as the amount due to the supplier and the purchase order number? A) memorandum of association B) term sheet C) itemized bill D) purchase requisition 55) Which of the following is a major concern for organizations having.
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