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Homework answers / question archive / Delta State University CIS 300 Chapter 3 Quiz 1)What information is needed to convert a purchase requisition to a purchase order? What activity is performed when a shipment arrives from a vendor?   What is the purpose of entering the amount from the invoice?   In business-to-business commerce which of the following occurs? Your company must purchase its raw materials from another company

Delta State University CIS 300 Chapter 3 Quiz 1)What information is needed to convert a purchase requisition to a purchase order? What activity is performed when a shipment arrives from a vendor?   What is the purpose of entering the amount from the invoice?   In business-to-business commerce which of the following occurs? Your company must purchase its raw materials from another company

Management

Delta State University

CIS 300

Chapter 3 Quiz

1)What information is needed to convert a purchase requisition to a purchase order?

  1. What activity is performed when a shipment arrives from a vendor?

 

  1. What is the purpose of entering the amount from the invoice?

 

  1. In business-to-business commerce which of the following occurs?
  2. Your company must purchase its raw materials from another company. Which of the following is NOT an important reason to establish a legally binding and financially secure relationship?
  3. The procurement process begins when:
  4. Which of the following are documents commonly associated with the procurement process?
  5. A purchase requisition is created when the warehouse selects a suitable supplier.

 

  1. A purchase requisition is completed entirely within the warehouse.

 

  1. Why must the free-on-board (FOB) point be specified?
  2. In a paper process, copies of a completed purchase order go to:
  3. As discussed as part of the procurement process, companies implement quality control processes for which reasons?
  4. Instance-level information is related to the overall level across multiple instances of a process.
  5. Process-level information is related to the overall level across multiple instances of a process.
  6. Which of the following are examples of instance-level information in the procurement process?

 

  1. Which of the following are examples of process-level information in the procurement process?
  2. In the procurement process, a financial impact occurs when ownership of goods is transferred per the FOB terms.
  3. In the procurement process, a financial impact occurs when a purchase requisition is created.
  4. An enterprise system can be configured to automatically create a purchase requisition when the inventory of materials falls below a determined point.
  5. A separate enterprise system must be configured for each step of the procurement process.
  6. A benefit of enterprise systems is that all process data, such as vendor names, quantities, and document ID numbers, are stored in a common database that other people involved in a process can access.
  7. Monitoring processes in an enterprise system is complicated because the needed reports often come from multiple documents and functional departments that must be manually located and reviewed.
  8. The ability to drill down into the details of a historical report in an enterprise system is possible because all data are stored in a common database.
  9. The use of an enterprise system in the procurement process will result in longer lead and cycle times along with increased visibility and reduced inventories.
  10. A key performance indicator (KPI):

 

  1. What two pieces of information are required to complete a goods receipt?
  2. What are the two types of account data needed to process a payment?

 

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