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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. Which of the following is NOT an important reason to establish a legally binding and financially secure relationship?
- The procurement process begins when:
- Which of the following are documents commonly associated with the procurement process?
- A purchase requisition is created when the warehouse selects a suitable supplier.
- A purchase requisition is completed entirely within the warehouse.
- Why must the free-on-board (FOB) point be specified?
- In a paper process, copies of a completed purchase order go to:
- As discussed as part of the procurement process, companies implement quality control processes for which reasons?
- Instance-level information is related to the overall level across multiple instances of a process.
- Process-level information is related to the overall level across multiple instances of a process.
- Which of the following are examples of instance-level information in the procurement process?
- Which of the following are examples of process-level information in the procurement process?
- In the procurement process, a financial impact occurs when ownership of goods is transferred per the FOB terms.
- In the procurement process, a financial impact occurs when a purchase requisition is created.
- An enterprise system can be configured to automatically create a purchase requisition when the inventory of materials falls below a determined point.
- A separate enterprise system must be configured for each step of the procurement process.
- 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.
- 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.
- 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.
- 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.
- A key performance indicator (KPI):
- What two pieces of information are required to complete a goods receipt?
- What are the two types of account data needed to process a payment?
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