BUSI 2400 C2 With Complete Solutions Latest
Update 2024
Business processes are synonymous with business systems. (T/F) - ANS T
The inventory management process includes placing orders and receiving goods
into inventory. (T/F) - ANS T
In the payment process, the invoice is compared to the purchase order. (T/F) - ANS
T
A business process consists of activities, resources, facilities, and information. (T/F)
- ANS T
Any item of value can be considered to be a potential resource for a business
process (T/F) - ANS T
Activities transform resources and data into different kinds of resources and data.
(T/F) - ANS F
An inventory database would be considered to be an example of a facility in the
inventory management process. (T/F) - ANS T
The fact that it rained 1.2 inches today is an example of information. (T/F) - ANS F
,The fact that the sun rose this morning at 6:25 a.m. is an example of data. (T/F) -
ANS D
Data is another word for information. (T/F) - ANS F
When data is presented with a meaningful context, it becomes information. (T/F) -
ANS T
The information that is the output of one process can be viewed as a data input to
another process. (T/F) - ANS T
Each activity within a business process must use one, and only one, information
system. (T/F) - ANS F
It is good business practice for a payment activity to have a single person assigned
to approve payments and generate checks. (T/F) - ANS F
Strategic decisions involve long term actions whose consequences may not be
realized for years. (T/F) - ANS T
A structured decision involves an understood and accepted method for making the
decision. (T/F) - ANS T
, A transaction processing system helps managers allocate and utilize resources.
(T/F) - ANS F
During intelligence gathering, the decision makers determine what is to be
decided, what the criteria for the decision will be, and what data are available.
(T/F) - ANS T
While weather is an unstructured phenomenon, weather forecasting is an example
of structured decision making. (T/F) - ANS T
The quality of your thinking is a large part of the quality of the information system
(T/F) - ANS T
The review step may lead to another decision and another iteration of the decision
making process. (T/F) - ANS T
Your mind and your thinking are not merely a component of the information
systems you use; they are the most important component. (T/F) - ANS T
Information needs to be just barely sufficient for the purpose for which it is
generated. (T/F) - ANS T
For information to be worth its cost, there must be an appropriate relationship
between the cost of information and its value. (T/F) - ANS T
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 Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.