package deal of SCM 4380 Combined Exam Correctly Well Defined Answers..

Steps to create a flowchart: - correct answer 1. Determine the boundaries 2. Determine a level of detail 3. Determine the sequence of steps and responsibilities 4. Draw the flowchart using established standard notation (BPMN) Basic principles of Business Pr...

Define Business Process - correct answer Set of tasks or activities that produce desired outomces What is a financial accounting process? - correct answer Track the financial impacts or process steps with goal of meeting le...

business process - correct answer a set of tasks or activities that produce desired outcomes financial accounting - correct answer (track-external) track the financial impacts of process steps with the goal of meeting legal...

A business process is typically characterized by all the following EXCEPT - correct answer They can be completed by one person (the process owner) In business process modeling notation, a dashed arrow (- - - - - >) represents - correct answer ...

Enterprise Resource Planning (ERP) - correct answer ) is made to automate any task. With it, it is easy to manage every department under one single database. This consumes not much time and is easy and fast way to do work with. Material Resource Planning (MRP)...

Cash Conversion Cycle - correct answer length of time, in days, that is takes for an organization to convert resource inputs (raw materials) into cash flow (revenues) - CCC = DIO+DSO+DPO DIO(Days inventory outstanding) DSO(Days sales outstanding) DPO(Days Paya...

Business Process - correct answer A set of tasks or activities that produce desired outcomes. Buy, make, sell. Design, plan, store, service. Financial Accounting - correct answer Concerned with tracking the financial...

business process - correct answer a set of tasks or activities that produce desired outcomes financial accounting - correct answer tracking for external reporting Managerial Accounting - correct answer ...

FB50 - correct answer General ledger account posting. Posts accounting entries directly into general ledger accounts. ZME2N - correct answer purchase order tracking MD01 - correct answer ...

Freezing the schedule is one way of mitigating - correct answer MRP system nervousness Which of the following three strategies can be useful in reducing MRP system nervousness? 1. Using time fences 2. Using Firm placed orders 3. Careful use of lot-sizing pr...

Competitive advantage - correct answer an advantage over competitors gained by offering greater customer value, either by having lower prices or providing more benefits that justify higher prices is created when a firm provides something of value to customers...

Logistics - correct answer the part of the supply chain that plans, implements, and controls the effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet cu...

Milton's Tool and Tile sells a range of products. This week, the shipping department received 500 gallons of paint, purchased at a cost of $20 each, which were distributed among 18 stores. 420 were sold for $30 each across all stores.The cost of goods sold equals ___________. - correct answer ...

landed price - correct answer cost of the product + cost of the transportation of the product to end customer materials management - correct answer last mile logistics - correct answer ...