Deck 1: Business Functions and Business Processes

Question 1

The functional area of Supply Chain Management (SCM)sets prices.

Answer 1

False

Question 2

Which business function is performed by Accounting and Finance?

A)Cost allocation and control
B)Taking sales orders
C)Benefits
D)Plant maintenance

Answer 2

A

Question 3

When manufacturing runs out of raw material,it is known as a(n):

A)shortfall
B)empty shelf
C)depletion
D)stockout

Answer 3

D

Question 4

Successful business managers view their business operations from the perspective of a(n):

A)satisfied customer
B)positive cash flow
C)profitable sale
D)accurate sales forecast

Question 5

Information systems that are designed so functional areas share data are called integrated information systems.

Question 6

One of the four functional areas of operation is Human Resources (HR).

Question 7

Sales forecasts are historical records of sales.

Question 8

Accounts receivable are recorded by the Human Resources department (HR).

Question 9

Today's managers are beginning to think in terms of business process.A business process cuts across which functional areas of operation?

A)Marketing and Sales
B)Supply Chain Management
C)Accounting and Finance
D)Human Resources
E)All of the above

Question 10

The business process of Cash Flow Management is handled under the Accounting and Finance functional area of operation.

Question 11

Which of the following is a functional area of operation?

A)Packaging
B)Supply Chain Management
C)Shipping
D)Baking

Question 12

To avoid stockouts,manufacturers might carry extra raw materials.This excess is known as safety stock.

Question 13

What are the computers,people,procedures,and software that store,organize,and deliver information in an organization?

A)The CPU
B)The Process System
C)Information systems
D)Personnel systems

Question 14

When purchasing a computer,the functional area responsible for handling the financial help for purchasing that computer is:

A)Marketing and Sales
B)Accounting and Finance
C)Supply Chain Management
D)Human Resources

Question 15

The business function of government compliance falls under the Supply Chain Management functional area of operation.

Question 16

Estimates of future product demand,which are the amount of a product that customers will want to buy,are called:

A)sales forecasts
B)sales divining
C)sales diving
D)sales deriving

Question 17

When manufacturing runs out of raw materials,it's known as a stockout.

Question 18

Historically,businesses have had organizational structures that separated the functional areas,but business schools have not been organized like that.

Question 19

Which of the following is an input to the Marketing and Sales functional area?

A)Production plans
B)Raw material orders
C)Per-unit cost
D)Accounts payable data

Question 20

Information systems that can be designed so that functional areas of operation share data are called:

A)integrated information systems
B)complete information systems
C)non-middleware information systems
D)linked information systems

Question 21

A(n)____________________ includes the computers,people,procedures,and software that store,organize,and deliver information.

Question 22

Give some examples of Marketing and Sales in a small business such as a coffee shop or some other simple example.

Question 23

The business functions of financial accounting,cost allocation and control,planning and budgeting,and cash-flow management take place in the ____________________ functional area of operation.

Question 24

____________________ programs are core software used by companies to coordinate information in every area of the business.

Question 25

One example of the business function that happens in the human resource area of operation would be ____________________.

Question 26

Describe the material order process in the accompanying figure:

Question 27

To avoid stockouts,manufacturers might carry extra raw materials known as ____________________.

Question 28

Choose an example company and give situations for each business process in the accompanying figure.Depending on your major or interest,choose one functional area of operation.

Question 29

What are integrated information systems?

Question 30

Describe the difference between functional areas of operation and business processes.Give an example of a business process.

Question 31

____ can result in management overinvesting in inventory.

A)Bulging raw materials
B)Stockup
C)Safety stock
D)Excess baggage

Question 32

A collection of activities that takes one or more kinds of input and creates an output that is of value to the customer is called a(n)____________________.

Question 33

Which of the following is an input to HR?

A)Personnel forecasts
B)Sales data
C)Layoff and recall company policy
D)Travel expense company policy

Question 34

What departments are involved in the business process of selling a new smartphone?

Question 35

Information systems designed so that functional areas share data are called ____________________.

Question 36

Which of the following outputs would emerge from the Accounting and Finance functional area?

A)Packaging orders
B)Sales strategy
C)Regulation compliance
D)Financial reports

Question 37

A shortfall of raw materials is known as a(n)____________________.