Procure to pay Study guides, Class notes & Summaries

INMT 342 Exam Questions and Answers In big data, differences in the type/sources of data (structured, unstructured, or semi structured) are referred to as: - Answer-Variety Which of the following would be suitable as a primary key in a database for a table representing a customer? - Answer-Customer ID Which of the following is considered the point of purchase in the procure to pay business process? - Answer-Receive and Inspect Goods Procure to pay - Answer-Buying things Order to ca...

BUAD 342 Exam 1 with Certified Solutions For-profit organizations organizations strive to generate a profit (revenue in excess of expenses). These profits can be reinvested into the company or distributed to owners and/or shareholders. take several legal forms such as unincorporated (sole proprietorships or partnerships), corporations (C Corporations and S Corporations) and limited liability companies (LLC). Not for Profit organizations organizations strive to provide particular s...

Windows 10 and MacOS Mojave are examples of ___________? A) Operating Systems B) Software C) Hardware D) Central Processing Units (CPUs) E) All of these are equally correct. - ️️A) Operating Systems Which type of file contains data about a business activity and the specific details about when it occurs? A) Transaction File B) Master File C) Reference File D) History File E) Suspense File - ️️A) Transaction File In Tableau, we focused a lot of time discussing the difference b...

Which of the following is an example of a master file? A )Customer B) None of these are examples of master files C) Payment to Vendor D) All of these are examples of master files E) Tax Rate Lookup - ️️A )Customer Which of the following scenarios would most likely benefit from real time processing instead of batch processing? A) All of these benefit equally from real time processing. B) None of these would benefit from real time processing. C) Payroll Processing D) Customer Billin...

BUAD 342 Exam 1 Questions and Answers Already Passed What source document is used to summarize/document each receipt of goods? A. Both Packing Slip and Receiving Report B. Packing Slip C. Receiving Report D. Picking Slip E. Bill of Lading C. True or False? In database, each record is made up of a collection of columns called fields. True For some companies, traditional operational databases are not enough. Which of the following explains why? A. You need specially trained profe...

What is Order-to-Cash Process? Answer * process of selling goods or services and collecting revenue for them Functional Areas: - marketing and sales - accounting and finance - manufacturing and operations What is Procure-to-Pay? Answer * process of ordering goods or services and paying for them Functional Areas: - supply chain management - accounting and finance - manufacturing and operations What is Make-to-Stock/Make-to-Order? Answer process of manufacturing goods, either b...

What are the common file types used to store business data? - ️️master file transaction file history file reference file suspense file Examples of For Profit: - ️️manufacturers service providers retailers/distributers agricultural/mining financial utilities real estate transportation/logistics Name and describe the four common business events for the business process Order to Cash. - ️️1) provide a quote to the customer (and other forms of marketing and customer servic...

APICS CSCP Exam Questions & Answers 2023/2024 supplier relationship management - ANSWER-A comprehensive approach to managing an enterprise's interactions with the organizations that supply the goods and services the enterprise uses. The goal of SRM is to streamline and make more effective the processes between an enterprise and its suppliers. SRM is often associated with automating procure-to-pay business processes, evaluating supplier performance, and exchanging information with suppliers...

For some companies, traditional operational databases are not enough. Which of the following explains why? - ️️-They are expensive to scale out or up -You need specially trained professional to oversee them -They can't process large volumes of data in near real time If the Customer_ID field is the primary key in the customer table, what is Customer_ID called when it shows up in the Orders table? - ️️Foreign Key Sally is the Sales director at Rose's Flower Shop. When a customer co...

INMT 341 Test Questions and Answers What are the 3 business processes? - Answer-Procure to pay, conversion, and order to cash What is a business process? - Answer-A collection of related activities performed by a group of stakeholders to achieve a concrete goal. The stakeholders combine different resources and inputs to create an output that is of value to the organization, its stakeholders, and/or its customers. What are the events for the order to cash process? - Answer-- MARKET good...