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BPI midterm questions and answers certified 2024
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BPI midterm questions and answers certified 2024
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BPI midtermRapid growth - correct answer ✔Functional structure helps an org cope with
The most common organizational structure within modern organizations is the
functional structure T/F - correct answer ✔True
What function does the warehouse perform in the fulfillment process? - correct
answer ✔Prepares and sends the shipment to the customer
Which term represents a set of tasks or activities that produce desired
outcomes - correct answer ✔Business Process
What steps are involved in the accounting portion of the procurement
process? - correct answer ✔Receiving the invoice and sending payment
Which of the following are steps within a generic business process of an
organization? - correct answer ✔Trigger
Outcome
Which process supports the design and development of products from the
initial product idea stage through the discontinuation of the product? - correct
answer ✔Lifecycle Data Management
The term materials encompasses which of the following? - correct answer
✔Products
Parts
Components
,Which process tracks the financial impact of process steps with the goal of
meeting legal reporting requirements? - correct answer ✔Financial
Accounting
Which of the following steps are included in the basic project management
process? - correct answer ✔Budgeting
Planning
Settlement
Management accounting helps an organization track costs and revenues to
assess its profitability T/F - correct answer ✔True
Which processes focus primarily on people and projects? - correct answer
✔Human capital management processes
Project management proccesses
How does GBI Global sell its merchandise? - correct answer ✔Via a network
of specialized dealers
The procurement process includes all of the tasks involved in acquiring
needed materials. T/F - correct answer ✔True
Which process involves the actual creation of the products? - correct answer
✔Production Process
What is the final step of the procurement process? - correct answer
✔Payment
, Common reports in financial accounting include income statement, profit and
loss, and balance sheet. T/F - correct answer ✔True
Which of the following statements about business processes is true? - correct
answer ✔They are executed across multiple functions.
They are initiated by some type of trigger.
They involve multiple steps.
The final step in the asset management and customer service processes is
the... - correct answer ✔authorization of maintenance step
Asset management - correct answer ✔concerned with both the preventive
and the corrective maintenance of an organization's equipment.
Within the functional structure, typical functions or departments found in a
modern organization include which of the following? - correct answer
✔Marketing
Finance
Purchasing
Which process uses historical data and sales forecasts to plan which
materials will be procured and produced? - correct answer ✔Material
Planning
Within the production process, the issuing of raw materials takes place in
the.... - correct answer ✔Warehouse
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