Exam (elaborations)
BPI midterm questions and answers certified 2024
- Course
- Institution
BPI midterm questions and answers certified 2024
[Show more]
Content preview
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LEWISSHAWN55. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now