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WorksheetsBusiness Process and ERP
Total questions: 10
Worksheet time: 5mins
What is a business process?
A set of individual activities
A set of random activities
A set of coordinated activities
A set of unrelated activities
What is a transaction in business?
An agreement between two entities
An agreement between three entities
An agreement between four entities
An agreement between five entities
What is transaction processing?
Capturing transaction data and ignoring it
Capturing transaction data and deleting it
Capturing transaction data and hiding it
Capturing transaction data and storing it for later use
What are the activities associated with selling goods and services in exchange for cash or a future promise to receive cash?
Revenue cycle
Human resources/payroll cycle
Expenditure cycle
Production cycle
What are the activities associated with purchasing inventory for resale or raw materials in exchange for cash or a future promise to pay cash?
Revenue cycle
Expenditure cycle
Production cycle
Human resources/payroll cycle
What are the activities associated with using labor, raw materials, and equipment to produce finished goods?
Revenue cycle
Expenditure cycle
Human resources/payroll cycle
Production cycle
What are the activities associated with hiring, training, compensating, evaluating, promoting, and terminating employees?
Human resources/payroll cycle
Production cycle
Revenue cycle
Expenditure cycle
What are the activities associated with raising money by selling shares in the company to investors and borrowing money as well as paying dividends and interest?
Revenue cycle
Financing cycle
Production cycle
Expenditure cycle
What is the goal of an ERP system?
To make the information flow dynamic and immediate
To make the information flow static and outdated
To make the information flow erratic and unpredictable
To make the information flow slow and delayed
What do functional silos categorize an organization's tasks and activities into?
Groups to improve efficiency
Groups to decrease efficiency
Groups to create chaos
Groups to reduce responsibility
