Buad 342 utk Study guides, Class notes & Summaries

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BUAD 342 | UTK | Exam 1 Latest Update Graded A+ For Profit Organizations that strive to generate a profit (revenue in excess of expenses) Not for Profit Strive to provide particular services to constituents (e.g., governments, educational, or charitable organizations) Business Process A collection of related activities that combine different resources and inputs to create an output that is of value to the organization, it's stake holders and/or its customers. These outputs may be...

BUAD 342 | UTK | Exam #1 Questions with Complete Solutions For Profit - Correct Answers Organizations that strive to generate a profit (revenue in excess of expenses) Not for Profit - Correct Answers Strive to provide particular services to constituents (e.g., governments, educational, or charitable organizations) Business Process - Correct Answers A collection of related activities that combine different resources and inputs to create an output that is of value to the organization, it's...

Interdependent Business Process - ️️The ability to deliver a product to a customer is dependent on the process of acquiring and converting the resources used to create that product Conversion Business Process - ️️The activities necessary to convert raw inputs into finished products and services. The bridge between Procure to Pay and Order to Cash Order to Cash Business Process - ️️1. Market goods or services to potential or returning customers (and/or perform support activities...

For Profit correct answersOrganizations that strive to generate a profit (revenue in excess of expenses) Not for Profit correct answersStrive to provide particular services to constituents (e.g., governments, educational, or charitable organizations) Business Process correct answersA collection of related activities that combine different resources and inputs to create an output that is of value to the organization, it's stake holders and/or its customers. These outputs may be products or...