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Question 2 Modern Business to Business processes are standardized to include the following activities in what order? (please sort in order from beginning to end) Creation of a Purchase Requisition Sendoff of Payment for Goods Receival of the Shipments into the Company's Warehouses Receival of Invoices for Goods Delivered Creation and Delivery of a Purchase Order V Question 3 The typical procurement process records the flow of physical goods, the flow of documents and data between the organizations, and the flow of information within an organization. True False Question 4 Which of the following are responsibilities of an enterprise system within an organization? (select all that apply) To capture and store data about the processes To enable the organization to receive the physical goods in warehouses To allow the organization to monitor the performance of the process(es) To enable the execution of the process Question 5 Master Data in an ERP typically refers to logically related data (such as customer, vendor, accounts, etc.) that is expected to remain the same for a long period of time, and is meant to be share through the organization. True False

Question 2 Modern Business to Business processes are standardized to include the following activities in what order? (please sort in order from beginning to end) Creation of a Purchase Requisition Sendoff of Payment for Goods Receival of the Shipments into the Company's Warehouses Receival of Invoices for Goods Delivered Creation and Delivery of a Purchase Order V Question 3 The typical procurement process records the flow of physical goods, the flow of documents and data between the organizations, and the flow of information within an organization. True False Question 4 Which of the following are responsibilities of an enterprise system within an organization? (select all that apply) To capture and store data about the processes To enable the organization to receive the physical goods in warehouses To allow the organization to monitor the performance of the process(es) To enable the execution of the process Question 5 Master Data in an ERP typically refers to logically related data (such as customer, vendor, accounts, etc.) that is expected to remain the same for a long period of time, and is meant to be share through the organization. True False

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question 2 Modern Business to Business processes are standardized to include the following activities in what order? (please sort in order from beginning to end) Creation of a Purchase Requisition Sendoff of Payment for Goods Receival of the Shipments into the Company's Warehouses Receival of Invoices for Goods Delivered Creation and Delivery of a Purchase Order Question 3 The typical procurement process records the flow of physical goods, the flow of documents and data between the organizations, and the flow of information within an organization. True False Question 4 Which of the following are responsibilities of an enterprise system within an organization? (select all that apply) UTo capture and store data about the processes OTo enable the organization to receive the physical goods in warehouses U To allow the organization to monitor the performance of the process(es) O To enable the execution of the process Question 5 Master Data in an ERP typically refers to logically related data (such as customer, vendor, accounts, etc.) that is expected to remain the same for a long period of time, and is meant to be share through the organization. True False
Transcribed Image Text:Question 2 Modern Business to Business processes are standardized to include the following activities in what order? (please sort in order from beginning to end) Creation of a Purchase Requisition Sendoff of Payment for Goods Receival of the Shipments into the Company's Warehouses Receival of Invoices for Goods Delivered Creation and Delivery of a Purchase Order Question 3 The typical procurement process records the flow of physical goods, the flow of documents and data between the organizations, and the flow of information within an organization. True False Question 4 Which of the following are responsibilities of an enterprise system within an organization? (select all that apply) UTo capture and store data about the processes OTo enable the organization to receive the physical goods in warehouses U To allow the organization to monitor the performance of the process(es) O To enable the execution of the process Question 5 Master Data in an ERP typically refers to logically related data (such as customer, vendor, accounts, etc.) that is expected to remain the same for a long period of time, and is meant to be share through the organization. True False
Question 1 All of the following are typical characteristics that make business purchase of materials different from consumer purchases, except: In business purchases the party that will use the material is typically not the party that will handle the receival and delivery of the material. In business purchases the party that will need the material is not typically the same party that has the power to make the purchase. O In business purchases The party that will use the material is typically the same party that will place the purchase the order for the material. In business purchases the actual purchase must meet legal requirements like meeting safety standards, contractual obligations, and meeting tax laws.
Transcribed Image Text:Question 1 All of the following are typical characteristics that make business purchase of materials different from consumer purchases, except: In business purchases the party that will use the material is typically not the party that will handle the receival and delivery of the material. In business purchases the party that will need the material is not typically the same party that has the power to make the purchase. O In business purchases The party that will use the material is typically the same party that will place the purchase the order for the material. In business purchases the actual purchase must meet legal requirements like meeting safety standards, contractual obligations, and meeting tax laws.
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