Procure to pay - Study guides, Class notes & Summaries

BUAD 342 Exam 1 with Complete Solutions selling "things" event Order to cash process Order to cash process 1. market (market goods or services) 2. negotiate (negotiate terms of a sales order) 3. select and inspect 4. prepare (prepare goods/services for delivery) 5. deliver (deliver goods/services to customer) 6. receive payment 7. negotiate (negotiate terms/accept return) Buying "things" event procure to pay process Procure to Pay process 1. identify (identify a need) 2...

BUAD 342 Test 1 Questions and Answers Already Passed Which of the following is not a typical event in the Procure to Pay business Process? Deliver goods/services to customer In regard to Big Data, differences in the types/sources of data (structured, unstructured or semi- structured) are referred to as: Variety ______ combine both data and methods (i.e. instructions for processing the data) into a single processing element Objects Which of the following scenarios would most likel...

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...

BUAD 342 Exam 1 Questions and Answers 100% Pass Which of the following is not a typical event in the Procure to Pay business process? A) Deliver Goods/Services to Customer B) Store and Maintain Goods C) All of these are typical events in the Procure to Pay process. D) Identify a need E) Receive and Inspect Goods/Services from a Vendor A) Deliver Goods/Services to Customer In regard to Big Data, differences in the types/sources of data (structured, unstructured or semi- structured...

In the Procure to Pay business process, the company is playing the role of the ________________? A) Vendor B) Supplier C) Customer D) Manufacturer E) Both A and B → C) Customer Which of these is not an information processing step as learned in this class? A) Record Data B) Report Information C) Maintain Data D) Analyze Data E) None of these are information processing steps. → D) Analyze Data Which of the following source document data flows is created during a typical Procure...

What is the underwriter's goal? - Answer- To write a book of business in which the actual losses approximate the expected losses. Gertrude is going to become an insurance agent. She would like to work in an agency that represents many different insurance companies. Gertrude will go to work for a(n) - Answer- Independent agency When a client suffers a loss, MegaInsurers is expected to respond promptly to settle the resulting claim. Depending on the line of insurance, claim costs generally ...

BUAD 342 Exam 1 Questions and Answers 100% Pass Why do organizations perform business processes? to reach strategic business goals How is a business event related to a business process? By analyzing business events, we can more easily identify the data needs of a business process. Name and describe the three core interdependent business processes that are common to all organizations. Procure to Pay (selling) Order to Cash (buying) Conversion (making) Name and describe the four...

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...

State Cert Exam - AI Test Questions, CGA Exact Questions And Correct Answers In preparing a market value appraisal with a retrospective date of value, is the appraiser allow to consider any information after the effective date of value, and why? Yes; the appraiser may use data subsequent to the effective date as a confirmation of trends. Which of the following values would a bank request for a new loan on an established hotel? Going concern value Which of the following de...

what are the two business processes? -procure to pay -order to cash procure to pay objective get the goods we need, when we need them (from the right supplier based on quality, price, leadtime, etc.) order to cash objective sell things to customers to make a profit procure to pay business events -identify a need -negotiate a purchase order -receive and inspect goods (store and maintain) -payment to vendor -negotiate return of goods order to cash business events -market goods and services -ne...