BUAD 342 FINAL EXAM Actual Exam Questions with Correct

pg. 1 BUAD 342 FINAL EXAM/ Actual Exam Questions with Correct Verified Answers – Updated / Rated A+

Order to cash process - ANSWER - 1. market (market goods or services)

• negotiate (negotiate terms of a sales order)
• select and inspect
• prepare (prepare goods/services for delivery)
• deliver (deliver goods/services to customer)
• receive payment
• negotiate (negotiate terms/accept return)

A company keeps data about each completed sale of inventory during the current month. What type of file is this data kept in?History File Suspense File Master File Reference File Transaction File - ANSWER - transaction file

Sales Order - ANSWER - (source document) Supports the Negotiate Sales Order business event by summarizing the who, what, where, when, and why of each sales order transaction

Two steps must happen to convert a Customer Order to a Sales Order: - ANSWER - 1. Does company think customer will pay (credit check)?

• Does company have requested inventory to sell (inventory check)?
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pg. 2 Picking Slip - ANSWER - (source doc) Supports the Select & Inspect goods or services for delivery business event by acting as approval for the good to be selected and to begin the packing process.

packing slip - ANSWER - Supports the Prepare goods or services for delivery business event by summarizing the who, what, where, when, and why of the inventory selected to fulfill each sales order.

Bill of Lading - ANSWER - (source doc) Supports the Deliver goods or services business event by summarizing the who, what, where, when, and why of the fulfillment of each sales order.

Buying "things" event - ANSWER - procure to pay process

Procure to Pay process - ANSWER - 1. identify (identify a need)

• negotiate (negotiate a purchase order)
• receive and inspect
• store/maintain
• pay vendor
• return (return of goods to vendor)

How is data captured? - ANSWER - Source Data Automation (SDA)

Source Data Automation (SDA) - ANSWER - collecting data at its point of origin in digital form

example of source data automation (SDA) - ANSWER - ·Magnetic Ink Character Recognition (MICR) (such as those on checks) ·Bar Code Reader/Scanner ·Optical Character Recognition (OCR) ·Magnetic Strip on credit cards ·Credit card chips 2 / 3

pg. 3 ·RFID - radio frequency identification devices ·Touch screens ·Voice recognition & other biometrics devices

EDI- Electronic Data Interchange - ANSWER - (Electronic Data Interchange) when two business companies collaborate to work together a lot of data exchange takes place- bills, invoices, payment documents, shipping details (no humans involved)

How is data stored? - ANSWER - DBMS- database management system

DBMS - ANSWER - Database management system, a software suite designed to organize and search data.

rows - ANSWER - record

column - ANSWER - field/attribute

primary keys - ANSWER - These keys uniquely identify each record in the table and are chosen at the time of table creation

foreign keys - ANSWER - A column or group of columns used to represent relationships. Values of the foreign key match values of the primary key in a different (foreign) table.

Understanding Business Process Needs - ANSWER - 1. What is the business process?

• What persons, places, things and events you want to keep data about. We call these entities.
• If, and how, these entities are related.

4.The characteristics that describe the entities. We call these characteristics attributes.Software-as-a-service (SaaS) - ANSWER - a method for delivering software applications over the Internet, on demand and typically on a subscription basis. With SaaS, cloud providers host and manage the software application and underlying infrastructure, and handle any maintenance, like software upgrades and security patching. Users connect to the application over the Internet, usually with a web browser on their phone, tablet, or PC.

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